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Author Question: Refer to Scenario 12.2. What is the profit maximizing price? A) 205.72 B) 240 C) 210 D) all ... (Read 52 times)

c0205847

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on: Jul 1, 2018
Refer to Scenario 12.2. What is the profit maximizing price?
 
  A) 205.72
  B) 240
  C) 210
  D) all of the above
  E) none of the above

Question 2

Which of the following is TRUE concerning equilibrium in a monopsonistic factor market?
 
  A) The firm uses the efficient level of the input but does not maximize profit.
  B) The firm maximizes profit but does not use the efficient level of the input.
  C) The firm maximizes profit and uses the efficient level of the input.
  D) The firm either maximizes profit or uses the efficient level of the input, but it cannot do both at the same time.


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xoxo123

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

B


c0205847

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

Bigfoot1984

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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