Monopolist produces clear spring water at zero total cost

Assignment Help Business Economics

Reference no: EM13836994

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

Reference no: EM13836994

Questions Cloud

Investment-government spending exogenous-tax multiplier : Consider the following simple model with investment and government spending exogenous: Derive the change in Y associated with an increase in taxes T. Show the results graphically and algebraically. What is the tax multiplier?

If consumers perceive several goods to be homogeneous : If consumers perceive several goods to be homogeneous, they believe the goods to be,

Check to another individual money supply will not be changed : Free trade will affect a country's employment in different industries. When one individual writes a check to another individual the money supply will not be changed. A bank's required reserves are the fraction of deposits they are required by law to ..

A nash equilibrium is said to occur when : A Nash equilibrium is said to occur when,

Monopolist produces clear spring water at zero total cost : If a monopolist produces clear spring water at zero total cost, its total revenue will be maximized where,

What is the central bank independence : Discuss how the Fed affects interest rates-the process? In October of 2008, the Fed stepped in as lender of last resort, explain this action. The US Federal Reserve is asking people for their comments on what steps we would like to see in changes in ..

According to the quantity theory-money in long run affects : According to the quantity theory, money in the long run affects: If the Fed increased the supply of money, and velocity remains unchanged, according to the quantity equation: The velocity of money is: The quantity theory of money states that: In a co..

To understand what causes productivity growth : Suppose that capital per hour of work grows by 3 percent and technology grows by 1 percent over a one year interval. What is the growth rate of real GDP per hour of work? Show the formula and all work. To understand what causes productivity growth, w..

Principle theory of management-what are the classes of crime : Principle theory of management. Where does the Coast Guard fit into the mix? What are the classes of crimes? Why does the security manager need to understand them?

User Account

All Pages