Monopolist''s profit-to-revenue ratio, Microeconomics

Assignment Help:

"Take a monopolist with a constant average cost. The higher is the elasticity of demand at the chosen monopoly price, the higher is the monopolist's profit-to-revenue ratio." Explain the statement.


Related Discussions:- Monopolist''s profit-to-revenue ratio

Elasticity, What are the uses of elasticity to the private sector

What are the uses of elasticity to the private sector

Microeconomics, explain the difference between traditional theory and moder...

explain the difference between traditional theory and modern theory of cost

Theory of monopoly, Monopoly is that form of market where there is only one...

Monopoly is that form of market where there is only one firm producing a particular product. Being the sole supplier, the monopoly firm has the power to control prices and output t

Is there any relation between inflation and unemployment, Is there any rela...

Is there any relation between inflation and unemployment?  The Phillips Curve was a relationship among unemployment and inflation discovered by Professor A.W. Phillips. He foun

Deviation, Deviation - Difference between the expected and actual payof...

Deviation - Difference between the expected and actual payoff -  Adjusting for the negative numbers -  The standard deviation measures square root of average of squa

Price elasticities of demand, how to compute the price of a laptop increase...

how to compute the price of a laptop increase of 20% and there is a 40% drop in the aquantity demanded

Cost in the long run, Cost in the Long Run Cost minimization with the V...

Cost in the Long Run Cost minimization with the Varying Output Levels -A firm's expansion path shows minimum cost combinations of labor and capital at each level of output.

Market structures and monopoly, waht are the characteristics of perfect com...

waht are the characteristics of perfect competetion market

MS6012 A01, Analyze the sustainable approach to waste reduction developed b...

Analyze the sustainable approach to waste reduction developed by the company you selected. Include the following: Its products Previous methods of production The way it implemented

Write Your Message!

Captcha
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