Unitarily elasticity and profit maximization

When all costs are fixed in the short run, a monopolist maximizes profit through producing and selling the output level where: (1) demand is price elastic. (2) marginal revenue most greatly exceeds marginal cost. (3) demand is price inelastic. (4) marginal cost most greatly exceeds marginal revenue. (5) demand is unitarily elastic.

Please choose the right answer from above...I want your suggestion for the same.

View Complete Question

Related Questions in Microeconomics

Q : Supply curve of a purely competitive

A purely competitive firm has a supply curve which is: (w) perfectly elastic. (x) relatively inelastic. (y) flatter than its demand curve. (z) upward sloping as output increases. Hello guys I want

Q : Rental check of pure economic rent The

The part of your monthly rental check which shows pure economic rent is that that pays only for the use of the landlord's: (w) land. (x) capital. (y) labor. (z) entrepreneurial skills. I need a goo

Q : Total revenue by quantity

If LoCalLoCarbo produces the profit-maximizing quantity and charges the profit-maximizing price, in that case its total revenue equals the area of the rectangle as: (i) 0P2fq4. (ii) bdP4P1. (iii) 0P4dq2

Q : Purely-competitive and constant-cost

When this firm is typical into this purely-competitive of constant-cost industry, as in demonstrated figure in long-run equilibrium for cranberries will be attained at a market price of: (i) P1. (ii) P2. (iii) P<

Q : Define cost Cost : This refers to the

Cost: This refers to the money expenses acquired on the production of a specified amount of commodity.

Q : Economic losses generate competitive

Economic losses in an industry generate competitive pressures which cause: (1) industry output to fall. (2) market price to decrease. (3) each firm’s short-run output to increase. (4) rising costs for industry inputs. (5) firms to expand product

Q : Positively sloped long run industry

A purely competitive industry produces a positively-sloped long-run industry supply curve when the industry: (i) includes only firms which experience diseconomies of scale. (ii) is an increasing cost industry. (iii) experiences technological advances

Q : Internet connection system in Short Run

The resource most probable to be viewed as the fixed in short run by a firm which operates a cable TV and Internet connection system would be: (1) Unskilled workers who bury the cable. (2) The personal computer (3) Satellite dishes that it has leased to the customers.

Q : Market demand curve Market demand curve

Market demand curve: The market demand also rises with a fall in price and vice-versa. In figure below the quantity demanded by

Q : Determine short-run supply of an

The Christmas tree industry’s short-run supply is demonstrated as: (1) curve A. (2) curve B. (3) curve E. (4) curve F. (5) curve G.

Discover Q & A

Leading Solution Library

Avail More Than 1422619 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1956748
Asked

3,689

Active Tutors

1422619

Questions
Answered

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

Submit Assignment