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 78 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?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Aphasic Syndromes Produced by Brain Damage Aphasic Syndromes Produced by Brain Damage
Schematic of the Agitation Laboratory Apparatus CHE 415 Unit Operations II Schematic of the Agitation Laboratory Apparatus CHE 415 Unit Operations II
How to evaluate angles using cosine, special triangles, the unit circle (Part 2) How to evaluate angles using cosine, special triangles, the unit circle (Part 2)
100-Unit Insulin Syringe 100-Unit Insulin Syringe
30-Unit Insulin Syringe 30-Unit Insulin Syringe
An 80-g aluminum calorimeter contains 380 g of water at an equilibrium temperature of A piece ... An 80-g aluminum calorimeter contains 380 g of water at an equilibrium temperature of A piece ...
Video: Transferring genes into plants Animation

For a complete list of videos, visit our video library