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

Author Question: Assume that a profit maximizing monopolist is producing a quantity such that marginal revenue ... (Read 88 times)

misspop

  • Hero Member
  • *****
  • Posts: 540
Assume that a profit maximizing monopolist is producing a quantity such that marginal revenue exceeds marginal cost. We can conclude that the
 
  A) firm is maximizing profit.
  B) firm's output is smaller than the profit maximizing quantity.
  C) firm's output is larger than the profit maximizing quantity.
  D) firm's output does not maximize profit, but we cannot conclude whether the output is too large or too small.

Question 2

Refer to Figure 8.1. The profit-maximizing output is
 
  A) 30.
  B) 54.
  C) 60.
  D) 67.
  E) 79.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nixon_s

  • Sr. Member
  • ****
  • Posts: 359
Answer to Question 1

B

Answer to Question 2

D




misspop

  • Member
  • Posts: 540
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)


ultraflyy23

  • Member
  • Posts: 312
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

For a complete list of videos, visit our video library