Refer to the graph shown. If this monopolist sets the price to maximize profit, it will charge:
A. $8 for its product.
B. $16 for its product.
C. $10 for its product.
D. $12 for its product.
Answer: B
You might also like to view...
If asset A is a risky asset yielding 10 percent and asset B is a riskless asset with the same maturity with a yield of 8 percent, investors would
A) prefer asset A. B) prefer asset B. C) be indifferent between the two assets. D) None of the above.
Use the following general linear supply function:Qs = 40 + 6P - 8PI + 10F where Qs is the quantity supplied of the good, P is the price of the good, PI is the price of an input, and F is the number of firms producing the good. Suppose PI = $40, F = 50, and the demand function is Qd = 700 - 6P , then if government sets a price of $30 what will be the result?
A. a shortage of 120 B. a surplus of 120 C. a surplus of 160 D. a shortage of 160
To say that a management proposal has distributional consequences means that:
A. it will disrupt the company's current distribution and marketing channels. B. warehouses will be overstocked if it is ratified and implemented. C. it will benefit some managers and harm others if implemented. D. dividends will no longer be paid on the stock each quarter if it is implemented.
If a country were to experience an increase in its factors of production, its production possibilities frontier would shift outward
Indicate whether the statement is true or false