This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a market is such that, at the market equilibrium quantity, the benefit of the last unit produced ... (Read 79 times)

jilianpiloj

  • Hero Member
  • *****
  • Posts: 521
on: Jun 30, 2018
If a market is such that, at the market equilibrium quantity, the benefit of the last unit produced just equals its marginal cost
 a. it has earned a positive economic profit
  b. it has achieved productive efficiency
  c. it has achieved allocative efficiency
  d. it has achieved economies of scale
  e. there are further trades than can increase producer surplus

Question 2

United States Postal Service has successfully leveraged its monopoly power through
 a. online postage purchases
  b. delivery of Netflix DVDs
  c. an online bill-paying service
  d. a secure online document transmission service
  e. increasing third-class mail rates


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kusterl

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


jilianpiloj

  • Hero Member
  • *****
  • Posts: 521
Reply #2 on: Jun 30, 2018
Thank you


kusterl

  • Sr. Member
  • ****
  • Posts: 315
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

A comparison of gradualism and punctuated equilibrium. A comparison of gradualism and punctuated equilibrium.
Dred Scott and his wife and children are featured on the cover of Frank Leslie’s Illustrated Newspap Dred Scott and his wife and children are featured on the cover of Frank Leslie’s Illustrated Newspap
Controlled cold compression unit. Controlled cold compression unit.
Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ... Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ...
Using the voltmeter leads from a starting and charging test unit to measure the voltage drop ... Using the voltmeter leads from a starting and charging test unit to measure the voltage drop ...
Photochemical smog is produced by a complex series of reactions Photochemical smog is produced by a complex series of reactions
Video: Parkinson's Disease

For a complete list of videos, visit our video library