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Author Question: When a monopoly is maximizing its profits, A) MR > MC. B) MR < MC. C) dMR/dQ > dMC/dQ. ... (Read 78 times)

lilldybug07

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on: Jul 1, 2018
When a monopoly is maximizing its profits,
 
  A) MR > MC.
  B) MR < MC.
  C) dMR/dQ > dMC/dQ.
  D) dMR/dQ < dMC/dQ.

Question 2

In Table 1, Tony's income elasticity of demand for steaks is
 
  A) 1.0.
  B) greater than 1.0.
  C) less than 1.0.
  D) zero.


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tashiedavis420

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

D

Answer to Question 2

B


lilldybug07

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  • Posts: 546
Reply 2 on: Jul 1, 2018
Wow, this really help

Mochi

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

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