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 : Acquire substantial human capital by

Since philosophers are hardworking and intelligent individuals who should acquire substantial human capital and advanced degrees to work like philosophers, in that case the shaded area B represents: (1) pure profit. (2) consumer surplus. (3) interest

Q : Relative Income Measurement by

The Department of the Census explains low relative income as experienced while families: (w) lack sufficient income to buy the fundamental food clothing and shelter required for survival. (x) would like to improve the

Q : Economics like a social science Why is

Why is economics seen like a social science?

Q : Leftward shift of PPC What does

What does leftward shift of PPC point out? Answer: It points out underutilization of resources.

Q : Problem regarding to First Mover

Carlos and Ivana both are roommates and friends. Carlos and Ivana eat together regardless of who cooks. When this game is repeated almost daily, and on Thursday, Ivana is permitted to pick first, the probable result is that: (w) neither Carlos nor Ivana cook, nor do t

Q : Changes in supply and demand curves

This alters in the supply- and demand-curves for textbooks could not have resulted from a change in: (w) taxes. (x) relative prices for text books. (y) expectations about future prices. (z) prices for related goods.

Q : Relative Income Measurement Relative

Relative income as given by the Bureau of the Census reflects a try to measure: (1) a nation’s wealth. (2) economic development in a country. (3) the value of nonhuman wealth. (4) how far a person’s income diverges from th

Q : Labor Supply Curves to the Competitive

The price taker in labor market: (1) Can set the salary that it will pay for the labor it hires. (2) Can set the salary at which it supplies the use of its labor. (3) Doesn’t care what salary it pays or obtains. (4) Can’t influence the wage recognized by t

Q : Problem on bonds and interest rate The

The _______ price for a lately issued bond signifies that the firm issuing the bond is paying the _______ interest rate to borrow the funds. (1) Lower; lower. (2) Lower; higher. (3) Higher; higher. (4) None of the above. The interest rate is fixed.

Q : Adverse Selection in buying a defective

Whenever an on-line seller deceived you into buying a faulty ‘fully preloaded’ iPod, you encompass lost since of: (1) Moral hazard. (2) Rational ignorance. (3) Adverse selection. (4) Bait-and-switch deception. (5) Cognitive dissonance.

Discover Q & A

Leading Solution Library

Avail More Than 1423025 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1960752
Asked

3,689

Active Tutors

1423025

Questions
Answered

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

Submit Assignment