Business, 31.03.2020 18:28 shardaeheyward139
Suppose a monopolist faces consumer demand given by P=700−1Q with a constant marginal cost of $60 per unit (where marginal cost equals average total cost. assume the firm has no fixed costs). If the monopoly can only charge a single price, then it will earn profits of $___. (Enter your response rounded as a whole number.) Correspondingly, the consumer surplus is $___. However, if the firm were to practice price discrimination such that consumer surplus becomes profit, then, holding output constant at 320, the monopoly would have profits of $.
Answers: 2
Business, 21.06.2019 17:40, cookieasd9000
Anne is comparing savings accounts. one account has an interest rate of 1.2 percent compounded yearly, and one account has an interest rate of 1.2 percent compounded monthly. which account will earn more money in interest? the account that earns 1.2 percent compounded yearly the account that earns 1.2 percent compounded monthly
Answers: 2
Business, 22.06.2019 23:20, lisagrimmett3
Nnette henri is paid an hourly wage of $8.90 for a 32-hour workweek of 4 days, 8 hours daily. for any work on the fifth day and on saturdays, she is paid one and one-half times her regular hourly rate. during a certain week, in addition to her regular 32 hours, henri worked 6 hours on the fifth day and 5 hours on saturday. for this workweek, henri’s total earnings are:
Answers: 1
Business, 23.06.2019 00:00, Mypasswordishotdog11
Match each economic concept with the scenarios that illustrates it
Answers: 2
Suppose a monopolist faces consumer demand given by P=700−1Q with a constant marginal cost of $60 pe...
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