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Author Question: The Exclusive Gift Company has a monopoly over the sale of gold hula hoops. This company is ... (Read 198 times)

karen

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on: Apr 19, 2019

Question 1

A monopolist is not guaranteed positive economic profits solely because it is a monopoly since there may be no output for which


◦ TR = 
TVC.
◦ TR > 
TC.
◦ MC = 
MR.
◦ ATR < 
MR.

Question 2

The Exclusive Gift Company has a monopoly over the sale of gold hula hoops. This company is currently pricing and producing where marginal revenue is equal to marginal cost. It is selling 50 gold hula hoops at a price of $5,000 each. Total costs for the company are $300,000 of which fixed costs are $100,000. You are hired as an economic consultant to this company. You should advise this monopolist to


◦ shut down in the short run and exit the industry in the long run.
◦ produce in the short run and expand capacity in the long run.
◦ produce in the short run but exit the industry in the long run if conditions do not change.
◦ shut down in the short run but expand capacity in the long run if conditions do not change.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by karen on Apr 19, 2019

Qarqy

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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karen

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

billybob123

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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