« previous next »

Author Question: If the inverse demand function for a monopoly's product is p = 100 - 2Q, then the firm's marginal ... (Read 41 times)

tnt_battle

  • Hero Member
  • *****
  • Posts: 556
on: Jul 1, 2018
If the inverse demand function for a monopoly's product is p = 100 - 2Q, then the firm's marginal revenue function is
 
  A) -2.
  B) 100 - 4Q.
  C) 200 - 4Q.
  D) 200 - 2Q.

Question 2

Suppose the cost of producing two goods, x and y, can be represented as C = ax + by + cxy. If there are economies of scope, then which of the following must be TRUE?
 
  A) c > 0
  B) a + b = -c
  C) c = 0
  D) c < 0
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


joewallace

  • Sr. Member
  • ****
  • Posts: 337
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
« previous next »
 

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

The structure and function of the renal corpuscle. The structure and function of the renal corpuscle.
The Inverse-Square Law The Inverse-Square Law
How to stretch or compress a function using transformations How to stretch or compress a function using transformations
Sketch a graph of the function h(x), by hand on the following interval: Sketch a graph of the function h(x), by hand on the following interval:
Sketch a graph of the function h(x), by hand on the following interval: Sketch a graph of the function h(x), by hand on the following interval:
Find derivative using product rule Find derivative using product rule
Video: Glomerubular filtrate rate -pressures that affect GFR and net filtration pressure

For a complete list of videos, visit our video library