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

Author Question: Claude's Copper Clappers sells clappers for 40 each in a perfectly competitive market. At its ... (Read 54 times)

nelaaney

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
Claude's Copper Clappers sells clappers for 40 each in a perfectly competitive market. At its present rate of output, Claude's marginal cost is 39, average variable cost is 25, and average total cost is 45 . To improve his profit/loss situation, Claude should
 a. increase output
  b. reduce output but not to zero
  c. maintain the present rate of output
  d. shut down
  e. raise the price

Question 2

A profit-maximizing monopolist produces an output level at which
 a. marginal revenue is the greatest distance from marginal cost
  b. price is less than marginal cost
  c. the value to society of the last unit produced equals marginal cost
  d. marginal revenue equals marginal cost
  e. consumers wish to purchase less than what is produced because of high monopoly prices


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Hdosisshsbshs

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

A

Answer to Question 2

D


nelaaney

  • Hero Member
  • *****
  • Posts: 560
Reply #2 on: Jun 30, 2018
Thank you


Hdosisshsbshs

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


« previous next »
 

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Non-competitive inhibition Non-competitive inhibition
A Copper Mine in Utah A Copper Mine in Utah
All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co
Claude Monet, Bridge over a Pool of Water Lilies. Claude Monet, Bridge over a Pool of Water Lilies.
Competitive drug enzyme immunoassay. Competitive drug enzyme immunoassay.
Strawberries contain iron, copper, magnesium, phosphorus, vitamin B6, vitamin K and vitamin E Strawberries contain iron, copper, magnesium, phosphorus, vitamin B6, vitamin K and vitamin E
Video: Olfaction. or the sense of smell

For a complete list of videos, visit our video library