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

Author Question: Suppose a monopolist's marginal revenue isMR= 12 - 2Qand its marginal cost isMC= 3. What is the ... (Read 90 times)

Austinleez3

  • Full Member
  • ***
  • Posts: 158
on: Oct 12, 2022

Question 1

Economic profit for a monopolistic firm will equal zero when
◦ average total cost is minimized.
◦ marginal revenue equals marginal cost.
◦ average total cost equals price.
◦ price equals marginal cost.
◦ marginal revenue equals price.

Question 2

Suppose a monopolist's marginal revenue is MR = 12 - 2Q and its marginal cost is MC = 3. What is the profit-maximizing output for this firm?
◦ 12
◦ 4
◦ 0
◦ 6
◦ 4.5
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Austinleez3 on Oct 12, 2022

Talvinder.Singh

  • Full Member
  • ***
  • Posts: 169
Reply #1 on: Oct 12, 2022
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


Austinleez3

  • Member
  • Posts: 158
Reply 2 on: Oct 12, 2022
Excellent

patma1981

  • Member
  • Posts: 292
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ... A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ...
Does It Cost More to Eat Healthy? Does It Cost More to Eat Healthy?
Cost of Going to School Cost of Going to School
question in cost accounting question in cost accounting
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 ...
Calculate the weighted-average cost of the following inventory purchases:DateQuantity ... Calculate the weighted-average cost of the following inventory purchases:DateQuantity ...
Video: Types of energy transfer reactions: oxidation-reduction reactions and ATP generation reactions

For a complete list of videos, visit our video library