This topic contains a solution. Click here to go to the answer

Author Question: A monopoly sets a price of 50 per unit for an item that has a marginal cost of 10. Assuming profit ... (Read 74 times)

leilurhhh

  • Hero Member
  • *****
  • Posts: 560
A monopoly sets a price of 50 per unit for an item that has a marginal cost of 10. Assuming profit maximization, the implicit demand elasticity is
 
  A) -0.2.
  B) -0.8.
  C) -1.25.
  D) -5.0.

Question 2

If marginal revenue equals marginal cost, the firm is maximizing profits as long as
 
  A) the resulting profits are positive.
  B) marginal cost exceeds marginal revenue for greater levels of output.
  C) the average cost curve lies above the demand curve.
  D) All of the above are required.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lkanara2

  • Sr. Member
  • ****
  • Posts: 329
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.
Answer Preview
Only 25% of students answer this correctly




leilurhhh

  • Member
  • Posts: 560
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


helenmarkerine

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Gracias!

 

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

The FDA recognizes 118 routes of administration.

For a complete list of videos, visit our video library