Monopolists average total cost curve is tangent

Assignment Help Business Economics

Reference no: EM13981536

At his profit-maximizing level of output, a monopolist's average total cost curve is tangent to his demand curve. The monopolist a. is earning a negative economic profit. b. may or may not be earning a negative economic profit. c. is earning zero economic profit. d. is earning a positive economic profit.

Reference no: EM13981536

Questions Cloud

Still legitimately claim to support pro-employee interests : Can an individual be both pro-union and pro-employer, or does being pro-union mean one has to be anti-employer? Can an individual be anti-union and still legitimately claim to support pro-employee interests?

Humans have more primitive hands than chimpanzees : Read the Science article entitled, "Humans have more primitive hands than chimpanzees" found here. Next provide a brief summary of the article and discuss whether or not you think humans have more primitive or advanced hands than chimpanzees. Just..

Why do you say that marie : I was not aware that our managers are unhappy about the allocation of our indirect costs. I'll have to look into this.Marie Walters has approached you for some advice. What advice would you give her?

Describing the current state of the health care industry : Essay identifying and describing the current state of the health care industry using the tools we have studied this semester. Also, in your paper list the pros and cons related to the health insurance industry along with a short explanation of health..

Monopolists average total cost curve is tangent : At his profit-maximizing level of output, a monopolist's average total cost curve is tangent to his demand curve. The monopolist a. is earning a negative economic profit. b. may or may not be earning a negative economic profit. c. is earning zero eco..

What is the kinetic energy of the ball at the bottom of arc : The string in the figure is 50.0 cm long. When the 392 g ball is released from rest, it swings along the dotted arc. What is the kinetic energy of the ball at the bottom of the arc?

Public budget cycle : Develop a four- to five-page paper in which you analyze the Public Budget Cycle in a government agency of your choice. Be sure to include each of the phases of the budget cycle (preparation and submission, approval, execution and audit, and evaluatio..

Social services initiatives : Should the Federal Government increase social services initiatives to improve the quality of life issues for the less fortunate ones. (For instance: promoting training/educational assistance initiatives to help the unskilled workers obtain/hold jobs;

One-time tax rate : Real estate magnate Donald Trump once proposed a one-time tax of 14.25 percent on the net wealth of every American with more than $10 million. Would this be an efficient way to raise tax revenue? Why or why not?

User Account

All Pages