+1-415-670-9189
info@expertsmind.com
Price elasticity of the firms demand curve is equal to one
Course:- Business Economics
Reference No.:- EM13795663





Assignment Help >> Business Economics

If a monopolist produces clear spring water at zero total cost, its total revenue will be maximized where,

a MR=MC

b The price elasticity of the firm's demand curve is equal to one

c total revenue is maximized

d all of the above




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
A firm has a production function represented by: q=L^(.75)K^(.25). Find a function for how much capital and labor a firm should hire to produce a given level of production in
Explain how the Fed's use of its three tools of monetary policy affect supply and demand in the market for reserves and the equilibrium federal funds interest rate.
The text defines an economic system as, Dynamic efficiency measures, Which of the following legal forms of business organization provides for limited liability? Privatization
What are the three reasons that a market might have a monopoly? Give an example of each. Is creating a government-created monopoly necessarily bad public policy? Explain.
The normal underlying level of unemployment in the economy is. If the minimum wage is set above the market-determined equilibrium rate, then. How would employment statistics b
If the Federal Reserve is following a restrictive monetary policy by lowering the money supply in the economy, what will be its effect on the equilibrium outcome in the econom
Which of the following best explains the shape of the individual labor-supply curve? The labor demand curve is based on the firm’s: Investment in human capital implies: Why ha
What is the necessary requirement to turn a business idea into a business? If you don't have customers willing to buy your new product or service at a price that gives you a p