For a profit maximizing monopolist, if the MC = 10 and price is ...

[LCritchfi]

For a profit maximizing monopolist, if the MC = 10 and price is set to be 20, then the elasticity at this price is
 
  A) -2.
  B) -1.
  C) -0.5.
  D) 0.

Question 2

Supply chain management refers to
 
  A) the contracts put in place to manage a firm's suppliers.
  B) the decisions around which stages of production to handle internally and which to buy from others.
  C) how the firm compensates the employees who work on the firm's internal stages of production.
  D) the 19th century practice of having barges move downstream with the flow of the river.

[joneynes]

Answer to Question 1

A

Answer to Question 2

B