+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
In the short run, a firm cannot vary its capital, K=2, but it can vary its labor, L. It produces output q. Explain why the firm will or will not experience diminishing margina
A company's cash sales for the month are $200,000 and its accounts receivable payments for the month are $100,000. What is its total incoming cash flow.
How many different nash equilibrium payoff vectors exist in an ultimatum-offer bargaining game, given player 1's strategy space is {0,1,2,3,4,5,6,7,8,9,10} and player 1's payo
A single firm monopolizes the entire market for some product which can be produced at a cost of c(Q) = Q^2. The firm faces a market demand curve given by Q = 60 ? 0.5p. What i
If an earthquake decreases cement supply by disabling a major cement plant and increases demand by necessitating repair jobs, what does the model of supply and demand definite
Your diligent effort will allow you to decide how much of your product to provide and allow you to place it on market shortly before your competitor will be able to make its
A company planning to borrow $9.0 million for a plant expansion is not sure what the interest rate will be when it applies for the loan. The rate could be as low as 8% per yea
In a free-market economy, firms face some degree of uncertainty, or risk. Some of this risk is controllable, and some is not. Identify the different types of risk that a busin