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 : Labor Unions-Union membership I have a

I have a problem in economics on Labor Unions-Union membership. Please help me in the given question. Union membership is most widespread among: (1) Supervisors and managers. (2) White collar workers. (3) Pink collar clerical workers. (4) Young, upwar

Q : Excess demand in macro economics What

What is meant by Excess demand in macro economics: In macro economics, if aggregate demand is greater than aggregate supply at full employment level, then there is excess demand.

Q : Perfectly price elastic demand For

For Cournot’s Spring Water the demand is perfectly price elastic at: (i) point a. (ii) point b. (iii) point c (iv) point d. (v) point e.

Q : Unlimited amount at any market price A

A monopoly firm which does not price discriminate does NOT: (w) have a marginal revenue curve which lies below its demand curve. (x) confront a downward-sloping demand curve. (y) have discretion over the price of its output. (z) sell

Q : Poverty by throughout lives Which of

Which of the given statements is not correct? (w) Wealth is less equally distributed than income. (x) U.S. tax and transfer programs tend to make income more evenly distributed. (y) Some disincentives for work plague even the most efficient of proposed welfare reforms

Q : Demand and Supply-Production to double

When Mary usually quaffs three glasses of Lost Horizons Cabernet Sauvignon every day, her demand for her favorite vintage will be least probable affected by: (i) The plague of grape worms ruining the bouquet of Lost Horizons Cabernet (ii) Receiving a $2 an hour pay hi

Q : Economies of Scope-Firms using

Firms which use similar production facility or groups of inputs to concurrently generate various kinds of products are taking benefit of: (1) Tax loop-holes. (2) Variegated production. (3) Economies of scope. (4) Economies of scale. (5) Monopoly power.

Q : Wage Discrimination-Monopsonistic

Whenever an organization’s wage structure reflects the keenness of individual staff to work, terms which are most applicable comprise: (i) Monopsonistic exploitation & wage discrimination. (ii) Monopolistic exploitation and the separation of possession and c

Q : Probable quantity of the good by price

Price discrimination which successfully increases profit does NOT needs the firm to be capable to: (1) separate the market within different groups along with different demand elasticities. (2) maintain entry barriers which defend a firm’s market

Q : Market period disequilibrium At the

At the price P1, this purely competitive Christmas tree industry is within: (w) long-run equilibrium. (x) short-run equilibrium. (y) market period disequilibrium. (z) short-run disequilibrium.

Discover Q & A

Leading Solution Library

Avail More Than 1428412 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1928270
Asked

3,689

Active Tutors

1428412

Questions
Answered

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

Submit Assignment