Q 0 1 2 3 4 5 6 7 8 Price 66.00 64.00 62.00 60.00 58.00...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Q 0 1 2 3 4 5 6 7 8 Price 66.00 64.00 62.00 60.00 58.00 56.00 54.00 52.00 50.00 TR 0 64.00 124.00 180.00 232.00 280.00 324.00 364.00 400.00 TC 400 420 430 430 440 460 490 530 580 MR 64.00 60 56 52 48 44 40 36 Answer the following questions: The above monopolist should: * O None of the above MC 20 10 0 10 20 30 40 50 420 215 143.3333 110 ATC 92 81.66667 75.71429 72.5 Shutdown production since total cost is higher than the price 3 points Shutdown production since total cost is higher than total revenue Shutdown production since average total cost is higher than the total revenue Q 0 1 2 3 4 5 6 7 8 Price 66.00 64.00 62.00 60.00 58.00 56.00 54.00 52.00 50.00 TR 0 64.00 124.00 180.00 232.00 280.00 324.00 364.00 400.00 TC 400 420 430 430 440 460 490 530 580 MR 64.00 60 56 52 48 44 40 36 Answer the following questions: The above monopolist should: * O None of the above MC 20 10 0 10 20 30 40 50 420 215 143.3333 110 ATC 92 81.66667 75.71429 72.5 Shutdown production since total cost is higher than the price 3 points Shutdown production since total cost is higher than total revenue Shutdown production since average total cost is higher than the total revenue
Expert Answer:
Answer rating: 100% (QA)
The correct answer is The above monopoly should shutdown production since total cost is hig... View the full answer
Related Book For
Digital Systems Principles And Application
ISBN: 9780134220130
12th Edition
Authors: Ronald Tocci, Neal Widmer, Gregory Moss
Posted Date:
Students also viewed these economics questions
-
(10 points) Given that ry + xy = 1. 1. Find a solution of the differential equation that satisfies the initial condition y(1) = 10. Answer: y = 2. Find a solution of the differential equation that...
-
(a) Refer to Table 2-5. What is the most significant nibble of the ASCII code for the letter X? (b) How many nibbles can be stored in a 16-bit word? (c) How many bytes does it take to make up a...
-
The economic environment of our country currently does not lend itself to being able to successfully run capital campaigns. In a two page document, research and identify 2 successfully capital...
-
During a thunderstorm a bolt of lightning strikes 2.41 km away from you. (a) How much time elapses between when the lightning strikes and when the light reaches your eyes? (b) If the speed of sound...
-
Go to the FRED economic database (https://fred.stlouisfed.org/) and search for percent hourly paid minimum wage. a. In 2015, what percent of hourly workers were paid the minimum wage or less? b....
-
Using an incremental internal rate of return (IRR) analysis, the decision to replace the "current best" by the "challenger"' is based on what decision rule? a. The internal rate of return of the...
-
Bradburn Corporation was formed 5 years ago through a public subscription of common stock. Daniel Brown, who owns 15% of the common stock, was one of the organizers of Bradburn and is its current...
-
BHT Company evaluates a project for a potential inclusion in its capital budget. In the first year of the project, it expects incremental net income of $33 million, depreciation expenses of $8...
-
When possible, compute the truth values of the simple components in the following compound propositions. If no truth value can be computed, write a question mark (?) under the letter or letters with...
-
Hmmm! is a neighbourhood coffee shop that sells the best coffee in the world. In addition to coffee, Hmmm! sells a few food items, mostly baked goods that pair well with coffee. The shop is open 24...
-
Explain the waterdiamond paradox.
-
In general a firms ______. a) total cost rises as output rises up to a certain point and then begins to decline b) marginal cost rises as output rises up to a certain point and then begins to decline...
-
Perfect competition is _____. a) the prevalent form of competition in the United States b) the only form of competition in the United States c) found occasionally d) probably impossible to fi nd
-
Which of these markets would definitely not be perfectly competitive? a) foreign currency b) wheat c) HDTVs d) the New York Stock Exchange.
-
Which statement is false? a) When the firm shuts down, output is zero. b) When variable cost is zero, output is zero. c) When output is zero, total cost is zero. d) None of the above.
-
A viscous incompressible fluid with properties of 840 kg/m3 and 8.4x103 Pa.s flows steadily between two horizontal parallel plates (3-m in length and unit dept) only by the opposite movement of...
-
Frontland Advertising creates, plans, and handles advertising campaigns in a three-state area. Recently, Frontland had to replace an inexperienced office worker in charge of bookkeeping because of...
-
Analyze and describe the operation of the circuit in Figure 5-13. Figure 5-13 A B +5 V SET 2 5 RESET 1 kHz nn Z1 Z1 3 6 FIGURE 5-13 Examples 5-5 and 5-6. O la 2 5 Z2 72 3 6 XA Switch position A B XA...
-
What is the main advantage of flash memory over EPROMs?
-
The hardware method used in Figure 9-80 can be used to generate any four-variable logic function. For example, is implemented by following these steps: 1. Set up a truth table in two halves, side by...
-
The textbook states that "data is a resource that must be controlled and managed." Explain this statement, and indicate whether you agree of not, and why.
-
Why do conventional files tend be have duplication of data?
-
One of the dealership's legacy stand-alone systems in the preceding exercise is the salesperson work schedule system. This system was developed in the 1980 s on a single \(P C\), using BASE III, to...
Study smarter with the SolutionInn App