Price charging equality to marginal cost

Within the short run, a price-maker firm along with important market power but that cannot price discriminate is unable to concurrently maximize profit and: (i) charge a price equal to marginal cost. (ii) minimize average total cost. (iii) produce output where marginal revenue equals the minimum marginal cost. (iv) cover both its fixed costs as well as all variable costs. (v) generate only zero accounting profit.

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

View Complete Question

Related Questions in Microeconomics

Q : Imperfect competition problem I have a

I have a problem in economics on Imperfect competition problem. Please help me in the following question. As MRP < VMP in the imperfect competition whenever firms have market power as the sellers: (1) MPPL = VMP. (2) Price of output surpasses MFC.

Q : Unitarily elastic for all prices and

On such demand curve for pizza as in below demonstrated graph, there demand is: (w) elastic for all prices and quantities demonstrated. (x) unitarily elastic for all prices and quantities shown. (y) elastic at high prices and inelastic at low prices. (z) inelastic at

Q : Find out price elasticity of supply

When Info-Gadget and Inc. offers only 333 thousand generic potato peelers monthly at $1 each as well as 1,667 thousand at $2 each, its price elasticity of supply is around: (1) 1.0. (2) 1.5. (3) 2.0. (4) 3.0. (5) 0.5.

Q : Labor Unions and Aggregate salary Income

The least probable outcome when unions succeed in increasing their member’s salaries is that: (1) Wages in non-union sectors will drop. (2) Employment will produce in non-union sectors. (3) Barriers will be building up to limit the entry to unions. (4) Labor's s

Q : Monopolistic Exploitation problem Can

Can someone help me in finding out the right answer from the given options. When a firm hires labor to a point where VMPL > MRPL = MFCL = w, then the (1) Firm consists of monopsony power. (2) Employees of firm are experiencing t

Q : What is Budget line Budget line : This

Budget line: This refers to all combinations of goods that a consumer can purchase with his whole income and price of two goods.

Q : Bargaining power of the union problem

When a firm's inventories are comparatively high, then the bargaining power of union is: (i) Huge, since the firm cannot afford interruptions of the production. (ii) Great, since the firm's gains are low. (iii) Low, since the firm can sell its invento

Q : Price elasticity of demand coefficient

In this demonstrated figure, there the price elasticity of demand coefficient is: (1) one at the midpoint. (2) greater than one in range a. (3) less than one in range b. (4) falling along with movements down along the demand curve. (5) All of the abov

Q : Labor Unions-supply of workers The

The methods unions use to raise the wages of their members do not comprise: (1) Rising the demand for the union labor. (2) Establishing higher salaries and allotting work to members. (3) Facilitating the management plans to raise productivity. (4) Raising the supply o

Q : Profit-maximizing price The

The profit-maximizing price for “Silver Screen Classic” of Nostalgia DVDs is: (i) $6 per copy. (ii) $10 per copy. (iii) $12 per copy. (iv) $16 per copy. (v) $20 per copy.

Discover Q & A

Leading Solution Library

Avail More Than 1429924 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1947928
Asked

3,689

Active Tutors

1429924

Questions
Answered

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

Submit Assignment