Equality between marginal revenue and marginal costs

A profit-maximizing monopolist which does not price discriminate and that faces a demand curve that is higher at some output levels than is the firm’s average variable cost curve finds out price and quantity where: (w) profit per unit is the greatest. (x) marginal revenue equals marginal costs [MR = MC]. (y) marginal costs [MC] are the lowest possible. (z) the price is the maximum which any customer will pay.

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 : Changes in quantity demand determine

When the price of Kellogg's Corn Flakes goes up by $1.89 to $2.05 and quantity demanded changes with 250 to 210, in that case the price elasticity of demand would be of: (w) .47 (x) .02 (y) 250. (z) 2.14. I need a

Q : Long run economic growth When people

When people become optimistic about living longer and accordingly save more for their retirement years, in that case the decline into interest rates will tend to: (w) raise capital costs for business firms. (x) decrease investment expenditures. (y) di

Q : Supply of money The multiple by which

The multiple by which the commercial banking system can increase the supply of money on the basis of each dollar of excess reserves is equal to: A) the reciprocal of the legal reserve ratio. B) 1 minus the legal reserve ratio. C) the reciprocal of the income velocit

Q : Economic idea of pure competition The

The market circumstances most intimately conforming to the economic idea of pure competition would be as: (w) a broccoli farmer and the national market for broccoli. (x) your local cable company and the consumer market for cable TV. (y) Nissan vs. GM

Q : Annual economic profit of production

When point e corresponds to $18 per copy for St. Valentine’s Day software, so Prohibition Corporation can produce annual economic profit of at most just about: (i) $100 million. (ii) $140 million. (iii) $200 million. (iv) $300 million. (v) $400

Q : Effect of economic prosperity on demand

Precisely predicting the effect of economic prosperity upon the demand for mass transit would be excellent facilitated by a good calculates approximately of the: (w) slope of the demand curve for mass transit. (x) price elasticity of

Q : Laws and regulations for competitive

Government regulation intends at certain potentially competitive prices or transactions frequently induce private adjustments through firms and individual therefore unexpected results comprise: (w) increased rates of growth of tax revenues. (x) rapid

Q : Law of Income Distribution by Pareto

The theorist who asserted as, “When you redistributed the world’s income and wealth equally across the whole population, eighty percent of this would be back within the hands of the population’s top 20% in twenty years,” which

Q : Contradiction of the law of diminishing

Can someone help me in finding out the right answer from the given options. Which of the following below seems the contradiction of the law of diminishing marginal utility? (1) Ken enjoys his 13th beer of the evening more than his initial. (2) Joan recognizes that her

Q : Price elasticity of demand when price

The Hobbit family buys 72 vegetarian specials yearly at a price of $3.00 each but would consume 192 yearly when the price dropped to $2.40. Therefore their price elasticity of demand is: (w) 4.09. (x) 2.05. (y) 6.15. (z) 0.26.

Discover Q & A

Leading Solution Library

Avail More Than 1442728 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1950428
Asked

3,689

Active Tutors

1442728

Questions
Answered

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

Submit Assignment