A monopolist is producing a quantity

Assignment Help Microeconomics
Reference no: EM131034971

If a monopolist is producing a quantity where marginal revenue is equal to $125 and the marginal cost is equal to $125, the monopolist should:

A. increase production and lower the price to maximize profits

B. decrease production and increase the price to maximize profits

C. continue producing at the current price to maximize profits

D. increase production and increase the price to maximize profits

E. decrease production and decrease price to maximize profits 

Reference no: EM131034971

Questions Cloud

The hearst and minds of people in a society : How does one win the hearst and minds of people in a society?
Install and maintain a computerized record system : Halifax Ciorp. contracted with the city of Richmond to create, install, and maintain a computerized record system. The contract stated that BIS would be hired as a subcontractore. The work was to be done n two phases. After the first phase, the city ..
Fudge the facts-what measurement system dilemmas are present : In an attempt to improve quality, the shop superintendent at FWM Inc. has instructed all work cell supervisors to keep records of waste, scrap, and rework items. These records will be reviewed periodically at irregular intervals to identify which wor..
Estimated times interest earned ratio : Manufacturer's Inc. estimates that its interest charges for this year will be $700 and that its net income will be $3,000. Assuming its average tax rate is 30%, what is the company's estimated times interest earned ratio?
A monopolist is producing a quantity : If a monopolist is producing a quantity where marginal revenue is equal to $125 and the marginal cost is equal to $125, the monopolist should
Determine the smallest magnitude of the force p : The drum has a weight of 100 lb and rests on the floor for which the coefficient of static friction is µs = 0.5. If a = 3 ft and b = 4 FT
Metrics on the financial statements : Construct this organization's June financials. Once financials are translated, elaborate upon why this information is important for managers to assess. Finally, how to changes in key metrics on the financial statements firm value? In your answer, ..
Schedule performance indices determined : How are EVM cost and schedule performance indices determined? How are they related to cost and schedule variances? How do they differ from cost and schedule variances?
Monopolistic competition : The description "monopolistic" in the term "monopolistic competition" best describes: A. high barriers to entry B. product differentiation resulting in a downward-sloping demand curve for the firm's product

Reviews

Write a Review

 

Microeconomics Questions & Answers

  Bob and ron''s stereo sells televisions and dvd players

Bob and Ron's Stereo sells televisions and DVD players. They have estimated the demand for these items and have determined that there are three consumer types (A, B, and C) of equal number (assume one for simplicity)

  Kalvin crook is contemplating a life of crimenbsp if he

kalvin crook is contemplating a life of crime.nbsp if he commits a crime and does not get caught he stands to gain

  What is the accounting break-even level of sales

What is the NPV break-even level of sales assuming a tax rate of 35%, a 10-year project life, and a discount rate of 12%? (Do not round intermediate calculations. Round your answer to the nearest whole number.)

  Explain math and science tutoring services

If the Online Tutoring decides to sell its tutoring services individually, what should it charge for math tutoring? What should it charge for science tutoring?

  Find the marginal product of second worker determine the

you have been hired to manage a small manufacturing facility whose cost and production data are given in the table

  Market demand for a resource

Marginal Cost, Profit-Maximizing Case and Market Demand for a Resource

  Explain how a monopolist always earns an economic profit

You are the manager of a firm that sells its product in a competitive market at a price of $50. Your firm's cost function is C = 40 + 5Q^2. Your firm's maximum profits are: A. 125, B. 250, C. 100, D. 85 6. A perfectly competitive firm faces:

  Would the increase in income and decrease in price of good

you have the following information about good x and yincome elasticity of demand for good x is -3cross - price

  Monopoly-oligopoly-competition-innovation and profits

Among the 4 principal market structure models, monopoly and oligopoly offer best opportunities for the firm to earn economic profits in the long run. What are some strategies for firm which is earning economic profits to legally sustain them over ..

  Affects the daily market demand for maine lobsters

A recession greatly affects the daily market demand for Maine lobsters

  What is the price elasticity of mimis demand curve

Suppose that Mimi plays golf 5 times per month when the price is $40 and 4 times per month when the price is $50. What is the price elasticity of Mimi's demand curve? Use the Midpoint Method to answer this problem.

  What are the core competences of ic companys

What are the core competences of IC Companys? De?ne and evaluate its core competences after the merger. In what position is the company's competitive situation after the merger?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd