Why is profit maximization given by marginal cost equals marginal revenue in a monopolistic market? a. Why, in the case of a monopolist, is marginal revenue at any output less than output price? b. Can the profit-maximizing monopolist produce an...
What is the reason for the marginal revenue of a monopolist below its average revenue?Revenue:The marginal revenue of a firm is the extra revenue earned when another unit is sold. On the other hand, the average revenue is the per-unit revenue found by dividing the to...
A profit maximizing firm will expand output as long as marginal revenue is: A.less than marginal cost.B.greater than marginal cost.C.less than average variable cost. 点击查看答案&解析手机看题 单项选择题 There are four main barriers to entry. Which of the following is NOT a barrier to entr...
A monopolistic firm ___.<br/> A、can sell as much as it wants for any price it determines in the market.<br/> B、cannot sell additional quantity unless it raises the price on each unit.<br/> C、chooses an output at which marginal revenue eq
96、边际产品转换率(Marginal rate of product transformation) 边际产品转换率是指生产可能性曲线斜率的负数。 97、边际替代率(Marginal rate of substitution) 边际替代率是指如果消费者在收到额外一单位商品 X 之后要保持满足水平不变而必须放弃的商品 Y 的数量。 98、边际收益(Marginal revenue) 边际收益是指出售...
97、边际替代率(Marginal rate of substitution) 边际替代率是指如果消费者在收到额外一单位商品X之后要保持满足水平不变而必须放弃的商品Y的数量。 98、边际收益(Marginal revenue) 边际收益是指出售额外一单位产品所带来的总收益的增加。 99、边际收益产品(Marginal revenue product) 边际收益产品是指由于使用额外一...
36、可贷资金的相关需求曲线(Demandcurveofloanable46>范围经济(Economicsofscope)54、颈期利润(Expectedprofit)funds)范围经济是指由厂商的范围而非规模带来的度济,只要把预期利润就是长期的平均利润值,也就是用所出现的概率可贷资金的相关需求曲或表示可贷资金的相关需求阮与两种或更多的产品合并在一起生产比分开夹...
The frangle industry is a monopoly, with a demand curve 100-p; where p is the price of frangles. It takes one unit of labor and no other inputs to produce a frangle. The Frangle-makers Guild is a stro...
In a monopoly the profit maximizing quantity is where marginal revenue is equal to marginal cost. This tells us the quantity of production. The firm...Become a member and unlock all Study Answers Start today. Try it now Create an ac...
If a monopolist's marginal revenue is MR=22-4Q and its marginal cost is MC=4 then the profit-maximizing quantity is what? Explain intuitively, without the use of math, why the profit of a firm is maximized where marginal revenue equals marginal costs?