Charging price of profit-maximizing monopolist

Hybrid Roses is the merely florist in 60 miles of Presidio, Texas. When total fixed costs (for example, rent and utilities) are $9 per hour, that profit-maximizing monopolist will charge a price of: (1) $10 per dozen roses. (2) $12 per dozen roses. (3) $14 per dozen roses. (4) $16 per dozen roses. (5) $18 per dozen roses.

1002_Maximum Total Revenue.png

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

View Complete Question

Related Questions in Microeconomics

Q : Income rate variation in Loren curve

When you were unconcerned about the welfare of other people and your income rated you onto the top two percent of the population, then you would be happiest while the Lorenz curve for your country resembled as: (1) li

Q : Acquire substantial human capital by

Since philosophers are hardworking and intelligent individuals who should acquire substantial human capital and advanced degrees to work like philosophers, in that case the shaded area B represents: (1) pure profit. (2) consumer surplus. (3) interest

Q : Supply of Labor-Income and Substitution

I have a problem in economics on Supply of Labor: Income and Substitution Effects. Please help me in the following question. When the income effect of higher wage rate is more influential than the substitution effect, then: (1) The supply curve of labor is positively

Q : Define Direct taxes Direct taxes :

Direct taxes: Whenever the liability to pay tax and the burden of that tax fall on similar person, it is termed as direct tax. Illustrations are: wealth tax, income tax, corporation tax, gift tax and so on.

Q : Examples of perishable goods I have a

I have a problem in economics on Examples of perishable goods. Please help me in the following question. Illustrations of perishable goods comprise: (1) The book Carrie reads each and every night before brushing her teeth. (2) The computer Barry emplo

Q : Law of demand in Ceteris Paribus Can

Can someone help me in finding out the right answer from the given options. The law of demand supposes that the income and tastes of the consumers are: (i) Strong determinants of the prices. (ii) Causes of movements all along the demand curve. (iii) C

Q : Mixed economic resolves essential

Why do some people think that a mixed economic system resolves essential economic problems?

Q : Marginal cost by price discriminate

When a monopolist which does not price discriminate maximizes profit and charges a price equal to marginal cost, this will: (i) minimize average cost and generate zero economic profit. (ii) minimize average cost and generate a positiv

Q : Practicing predatory pricing by a

This is difficult to convict a company for practicing predatory pricing since: (w) the degree of economic analysis needed is beyond the understanding of most lawyers. (x) this is not illegal to practice predatory pricing. (y) this is frequently hard t

Q : Biography-Thorstein Veblen The thought

The thought that the desire of people to purchase goods is culturally recognized as opposed to the price determined is the vision of: (i) Irving Fisher. (ii) Karl Marx. (iii) Thorstein Veblen. (iv) Ludwig von Mises. (v) Antoine Augustin.

Discover Q & A

Leading Solution Library

Avail More Than 1432944 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1943965
Asked

3,689

Active Tutors

1432944

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment