Needs by marginal revenue equals to marginal costs

A monopolist produces where marginal revenue [MR] equals marginal costs [MC] when it needs to maximize: (i) total revenue. (ii) consumer surplus. (iii) profits. (iv) total revenue, producer surplus and profits. (v) job security.

Hello guys I want your advice. Please recommend some views for above Economics problems.

View Complete Question

Related Questions in Microeconomics

Q : Changes in dollar receipts from sales

The change within a firm’s dollar receipts from sales when this produces and sells one additional unit of output is termed as: (w) price. (x) marginal revenue. (y) average revenue. (z) contribution to overhead. Can anybody su

Q : Minimizes losses and maximizes profits

When Firm B in demonstrated graph successfully minimizes losses and maximizes its profits that have: (1) covered overhead while incurring short-run economic losses. (2) potential economic profit of Pbgh per period. (3) total costs equal to 0phq2. (4)

Q : Making price and output decisions by

Of the given, the firm probably to consider possible reactions through rival firms while making price and output decisions would be as: (w) a family-owned and operated dairy farm in Wisconsin. (x) your local electric utility. (y) the biggest independe

Q : Demand of various vegetable why demand

why demand change of onion in during one week due to change in it's price

Q : Social welfare function what do you

what do you mean by a social welfare function? if you assume that such a function exists, what properties of social optima would be considered by you? discuss such properties.

Q : Problem on short run demand I have a

I have a problem in economics on short run demand. Please help me in the following question. In short run, the demand mainly depends most on: (1) Supply. (2) Costs of production. (3) Consumer tastes and preferences. (4) Technology. (5) Resource access

Q : Emerging natural monopoly A monopoly

A monopoly will come out naturally when: (w) the government relaxes antitrust laws. (x) economies of scale are large relative to market demand. (y) variable costs are huge relative to fixed costs. (z) variable costs rise as output expands.

Q : Resources and Products Flow Model I

I have a problem in economics on Resources and Products Flow Model. Please help me in the following question. The eventual owners of all resources and products in the society are as follows: (i) households. (ii) Firms. (iii) The tax-paying public. (iv

Q : Time and opportunity cost in

The time and other opportunity costs incurred in obtaining information regarding products and prices and in that case driving to and from markets are illustrations of: (1) mobilization costs. (2) contracting costs. (3) transactions co

Q : Determine price elasticity of demand

The price elasticity of demand for DVD games among prices of $10 and $20 is approximately: (w) 3/2. (x) 3/7. (y) 1. (z) 16.333.

Discover Q & A

Leading Solution Library

Avail More Than 1455699 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1959755
Asked

3,689

Active Tutors

1455699

Questions
Answered

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

Submit Assignment