This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose we know that a monopolist is maximising its profits. Which of the following is a correct ... (Read 56 times)

sammy

  • Hero Member
  • *****
  • Posts: 818
on: May 25, 2020

Question 1

For a natural monopolist, fixed costs are very ________, while marginal costs are relatively ________.
◦ high, low
◦ low, low
◦ low, high
◦ high, high

Question 2

Suppose we know that a monopolist is maximising its profits. Which of the following is a correct inference? The monopolist has
◦ equated marginal revenue and marginal cost.
◦ maximised its total revenue.
◦ maximised the difference between marginal revenue and marginal cost.
◦ set price equal to its average cost.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by sammy on May 25, 2020

wshriver

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: May 25, 2020
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.
Answer Preview
Only 50% of students answer this correctly


sammy

  • Member
  • Posts: 818
Reply 2 on: May 25, 2020
Thanks for the timely response, appreciate it

okolip

  • Member
  • Posts: 362
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

The correct statement about hormones-insulin and glucagon The correct statement about hormones-insulin and glucagon
How lenses correct visual problems: (A) emmetropia; (B) myopia; (C) hyperopia; (D) corrected myopia; ... How lenses correct visual problems: (A) emmetropia; (B) myopia; (C) hyperopia; (D) corrected myopia; ...
Tardigrade wasn't correct, nor was Gastrotricha. What on earth is this asking me. Tardigrade wasn't correct, nor was Gastrotricha. What on earth is this asking me.
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ... A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ...
Video: Chronology of leptin research (A history of leptin research)

For a complete list of videos, visit our video library