« previous next »

Author Question: A monopolist with constant average and marginal cost equal to 8 (AC = MC = 8) faces demand Q = 100 - ... (Read 118 times)

jlmhmf

  • Hero Member
  • *****
  • Posts: 552
on: Jul 1, 2018
A monopolist with constant average and marginal cost equal to 8 (AC = MC = 8) faces demand Q = 100 - P, implying that its marginal revenue is MR = 100 - 2Q. Its profit maximizing quantity is
 a. 8
  b. 46
  c. 50
  d. 92

Question 2

Suppose a man and a woman are in love and care for the other's happiness as well as their own consumption. Suppose the woman is more selfish than the woman UM = CM1/2 UW1/2 UW = CW2/3 UM1/3 They will maximize the joint happiness (UM + UW) where
 a. CM = 100; CW = 0
  b. CW = 100; CM = 100
  c. 50 < CM < 100; 0 < CW < 50
  d. 50 < CW < 100; 0 < CM < 50


brittiany.barnes

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

jlmhmf

  • Hero Member
  • *****
  • Posts: 552
Reply #2 on: Jul 1, 2018
Thank you :)


brittiany.barnes

  • Sr. Member
  • ****
  • Posts: 321
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Attention and memory are in demand during circle time. Attention and memory are in demand during circle time.
Torque is a twisting force equal to the distance from the pivot point times the force applied ... Torque is a twisting force equal to the distance from the pivot point times the force applied ...
A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ... A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ...
Determining the order and rate constant of an irreversible first-order reaction Determining the order and rate constant of an irreversible first-order reaction
Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product
Average Years of Schooling versus GDP per Capita Average Years of Schooling versus GDP per Capita
Video: Brain Lobes Animation

For a complete list of videos, visit our video library