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. Are the relationships show in each table proportional? Write the equation for all proportional tables. a. b. C. d. Kelsey's Run Charlie's Pay Oscar's Pay Cost of Peanut Butter Miles Hours Sales...
-
(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...
-
What is the per capita production of population 2 during these years? The following table describes populations that are growing through production. For each, sketch a graph, find the per capita...
-
Compute the standard deviation of the change in cholesterol levels? Table 2.15: Serum-cholesterol levels (mg/dL) before and after adopting a vegetarian diet *Before after. Subject Before After...
-
Find the number of ways to arrange the letters \ (a, b, c\), and \(d\).
-
An industrial park is being planned for a tract of land near the river. To prevent flood damage to the industrial buildings that will be built on this low-lying land, an earthen embankment can be...
-
The Counting House, Inc., purchased 5-year property class equipment for $60,000. It uses the MACRS method of depreciation. What is tax depreciation for the second year of the asset's life?
-
Describe a decision you have made that closely aligns with the assumptions of perfect rationality. Compare this with the process you used to select your major. Did you depart from the rational model...
-
The following table shows the nominal returns on Brazilian stocks and the rate of inflation. Year Nominal Return ( % ) Inflation ( % ) 2 0 1 5 0 . 1 6 . 2 2 0 1 6 - 1 4 . 0 6 . 3 2 0 1 7 - 1 2 . 0 6...
-
John William, president of Crane Always, agrees to construct a concrete cart path at Windsor Golf Club. Crane Always enters into a contract with Windsor to construct the path for $212,000. In...
-
The speed ratio of a reverted gear train is to be 15. The module of gears 1 and 2 is 3 mm and thatof gears 3 and 4 is 2.5 mm. Calculate the suitable number of teeth for the gears. The centre...
-
East Chestnut Regional Health upper management has asked you to analyze its current marketing strategies from both ethical and financial perspectives. Financial and Ethical Impact Analysis for...
-
A firm operates a process, the details of which for the period were as follows.There was no opening work in progress.During the period 8 250units were received from the previous process at a value of...
-
George is playing a lottery game where he selects a marble out of bag and then replaces it after each pick. There are 6 blue marbles and 9 red marbles. With replacement, what is the probability that...
-
On January 1, Kanbe, Inc. issued a 10-year semiannual bond with a face value of $1,225,000 that pays 4.0% interest. On the date of issue, the market for similar bonds was 7.0% How much was Kanbe able...
-
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...
-
When bonds are retired or repaid at their due date, there generally will be a. a gain. b. a loss. c. accrued interest. d. no gain or loss.
-
If the market rate had been 8% at the time of issuance, a. the bonds would have been issued at a premium. b. the bonds would have been issued at a discount. c. the bonds would have been issued at...
-
When a bond is issued at a discount, the interest expense each year a. is greater than the cash payment for interest. b. is less than the cash payment for interest. c. equals the cash payment for...
Study smarter with the SolutionInn App