Profit-maximizing decision to operate output

Babble-On maintains world-wide patents for software which translates any of three-hundred-thirteen spoken languages within text, along with automatic audio and text translations within any of the other three-hundred-thirteen languages. Babble-On's profit-maximizing conclusion would be to operate at output: (1) q₁ and price P₂. (2) q₂ and price P₅. (3) q₃ and price P₁. (4) q₄ and price P₃. (5) q₅ and price P₂.

528_Market Power.png

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

View Complete Question

Related Questions in Microeconomics

Q : Stabilization function Choose the right

Choose the right answer of thefollowing problem. In performing its stabilization function, it may be appropriate for the nation's central bank (the Federal Reserve in the United States) to take actions to: A) increase taxes to reduce inflation. B) increase interest ra

Q : Derived Demand Can someone help me in

Can someone help me in finding out the right answer from the given options. Demands for the productive resources are eventually ‘derived’ from the: (i) marginal utility they directly produce. (ii) Demands for the consumer services and goods. (iii) Disutili

Q : Long-run economic losses in a

Expectations of long-run economic losses within a competitive industry as: (1) inevitably follow “cut throat” pricing policies. (2) cause firms to leave the industry. (3) increase each firm’s long-run fixed costs. (4) create pressure

Q : Competition and exploitation of the

Can someone help me in finding out the right answer from the given options. The capability to exploit the labor is minimal if a firm consists of: (1) Monopoly power. (2) Government contracts to accomplish. (3) Monopsony power. (4) Labor union contracts that terminate

Q : Profit-maximizing pure competitor at

The break-even point as illustrated below for that profit-maximizing pure competitor happens at the price consequent to: (w) point f. (x) point h. (y) point j. (z) point k.

Q : Public utilities in natural monopoly

Public utilities are generally: (1) regulated natural monopolies. (2) competitive non-profit corporations. (3) consequences of diseconomies of scale in production. (4) only subject to laissez-faire regulation. (5) operated by the federal government.

Q : Principal-Agent Problems Which of the

Which of the following is not an illustration of the principal-agent problem? (1) The real estate agent vends your house for less than you settled to. (2) The salespeople of the luggage company book first class seats whenever traveling out of town and write off the ex

Q : Incurs total costs by profit

This profit-maximizing brickyard as in illustrated figure incurs total costs of approximately: (i) $1200 daily. (ii) $1300 daily. (iii) $1400 daily. (iv) $1530 daily (v) $1600 daily.

Q : Vigorous competition in long run market

Vigorous competition into a market depends in the long run most strongly upon the: (w) number of buyers and sellers presently in the market. (x) freedom to enter and exit the market. (y) sizes of the average firm within the market. (z) uniformity [hom

Q : Negatively sloped Demand curve When the

When the demand curve for wheat is negatively sloped, increases in its supply will: (1) Lower the equilibrium price. (2) Increase the equilibrium price. (3) Reduce the equilibrium quantity. (4) Stimulate technological modification.

Discover Q & A

Leading Solution Library

Avail More Than 1420245 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1947408
Asked

3,689

Active Tutors

1420245

Questions
Answered

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

Submit Assignment