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Author Question: As the ratio of price to marginal cost decreases, the Lerner index A) stays the same. B) ... (Read 75 times)

newyorker26

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on: Jul 1, 2018
As the ratio of price to marginal cost decreases, the Lerner index
 
  A) stays the same.
  B) increases.
  C) decreases.
  D) can increase or decrease depending upon the shape of the demand curve.

Question 2

Suppose a firm has the following total cost function: TC = 50 + 2q2. What is the minimum price necessary for the firm to earn profit?
 
  A) p = 20
  B) p = 30
  C) p = 35
  D) p = 40
Microeconomics ¦ Perloff ¦ 8th Edition
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cici

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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newyorker26

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

raili21

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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