« previous next »

Author Question: Economies of scale throughout the range of market demand give natural monopolies a. ... (Read 77 times)

jho37

  • Hero Member
  • *****
  • Posts: 531
on: Jun 30, 2018
Economies of scale throughout the range of market demand give natural monopolies
 a. downward-sloping long-run average cost curves
  b. upward-sloping long-run average total cost curves
  c. upward-sloping long-run average cost curves
  d. upward-sloping short-run average total cost curves
  e. horizontal long-run average cost curves

Question 2

The golden rule of profit maximization states that any firm maximizes profit by producing where
 a. demand is unit elastic, and total revenue is greatest
  b. price equals average revenue
  c. price equals marginal revenue
  d. price equals marginal cost
  e. marginal revenue equals marginal cost


apple

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

E


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

The Scale of Life 2 The Scale of Life 2
Glascow Coma Scale Glascow Coma Scale
How to transform the natural exponential function (e^x) How to transform the natural exponential function (e^x)
Range for Functions Range for Functions
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Skin color is a polygenic trait controlled by three or four genes, producing a wide range of phenoty Skin color is a polygenic trait controlled by three or four genes, producing a wide range of phenoty
Video: What Are Carbohydrates? Importance of Carbs & High Carb Food

For a complete list of videos, visit our video library