Marginal costs with maximizing profit

Pure competitors generate where P = MC since this: (w) is the best price and output for society. (x) maximizes combined consumer and producer surpluses. (y) is consistent along with maximizing profit at a specified price. (z) conforms to government regulations.

Can someone explain/help me with best solution about problem of Economics...

View Complete Question

Related Questions in Microeconomics

Q : Labor-Leisure Tradeoffs When leisure is

When leisure is a normal good, in that case the demand for leisure: (1) varies directly with income. (2) has declined sharply from World War II. (3) is positively associated to the average age of the population. (4) shifts leftward as a result of tech

Q : Minimum Wage Laws-Group least likely to

Can someone help me in finding out the right answer from the given options. The group which is least likely to be helped by the minimum wage law is: (1) African-American teenagers. (2) Skilled industrial workers. (3) Members of the unions. (4) Experienced construction

Q : Burden of tax reduce solely on

The burden of an excise (i.e., per unit) tax would reduce solely upon suppliers of the taxed good within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

Q : Problem regarding goals of Labor Union

I have a problem in economics on goals of Labor Union. Please help me in the following question. Trade unions are reasonably supposed to try to maximize merely: (1) Wage rate. (2) Level of employment. (3) Total wage costs paid by the employers. (4) No

Q : Monopsonist in the labor market I have

I have a problem in economics on Monopsonist in the labor market. Please help me in the following question. The monopsonist in labor market faces the: (1) Market demand for the labor. (2) Household’s demand for the labor. (3) Household’s s

Q : Economically non–viable industry What

What happened when demand and supply curve do not intersect with each other? Answer: The outcome is: Economically non–viable industry.

Q : Price ceilings and price floors Price

Price ceilings and price floors: 1) cause surpluses and shortages respectively. 2) make the rationing function of free markets more efficient. 3) interfere with the rationing function of prices. 4) shift demand and supply curves and therefore have no effect on the rat

Discover Q & A

Leading Solution Library

Avail More Than 1427561 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1929671
Asked

3,689

Active Tutors

1427561

Questions
Answered

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

Submit Assignment