It a monopolist's marginal revenue in MR = 15 20 ond ibs marginal cost in MC=5,...

    

    

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It a monopolist's marginal revenue in MR = 15 20 ond ibs marginal cost in MC=5, thon the prott maximizing quanitity m Select one a. 7.5 b. 10 c.0 d. 5 e 15 "An objestive of firma is to maximize profits." This statement Select one a upplies only to corporations b.is an unrealistic assumption, and therofore of little use lo econornists ma nomative statement and thus cannot be tested. d. has been proven by empincal testing to be always true .is an assumplon used by economists to predict the behavior of fime Wich of the folkowng is the best example af an input t produntion thatis an intermetiate poduet? Select ane a the nklis and training of a web designer D40 acres of tarmland O. casewing machine dia textic tactury . computer carcut boards Suppose a production function for a fim takes the futowng uigebrac form Q= (0.0KL4OL, where Os the utout ofpaintbnishes per wee Now suppose the frm is operating with 100 unitu of capital (K100) and 30.000 unite of labar (L-30,000). Vhat the output of paintbeuahee per wok? Select ore: a 1.c00,000 E.30.000 e 300,000 d. 1200.000 e3.000,000 It a monopolist's marginal revenue in MR = 15 20 ond ibs marginal cost in MC=5, thon the prott maximizing quanitity m Select one a. 7.5 b. 10 c.0 d. 5 e 15 "An objestive of firma is to maximize profits." This statement Select one a upplies only to corporations b.is an unrealistic assumption, and therofore of little use lo econornists ma nomative statement and thus cannot be tested. d. has been proven by empincal testing to be always true .is an assumplon used by economists to predict the behavior of fime Wich of the folkowng is the best example af an input t produntion thatis an intermetiate poduet? Select ane a the nklis and training of a web designer D40 acres of tarmland O. casewing machine dia textic tactury . computer carcut boards Suppose a production function for a fim takes the futowng uigebrac form Q= (0.0KL4OL, where Os the utout ofpaintbnishes per wee Now suppose the frm is operating with 100 unitu of capital (K100) and 30.000 unite of labar (L-30,000). Vhat the output of paintbeuahee per wok? Select ore: a 1.c00,000 E.30.000 e 300,000 d. 1200.000 e3.000,000

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QUESTION 39 Answer D The profit maximizing level of output is found where MR MC When MR MC the firm ... View the full answer