Suppose P = 60 ? 3Q is the market demand function for a local monopoly. The marginal cost is 2Q. If fixed costs are zero and the firm engages in two-part pricing, the most profits the firm will earn is:

A. $0.
B. $504.
C. $360.
D. $144.


Answer: C

Economics

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Which of the following is NOT an obstacle to increased international economic integration?

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On the diagram above, show the new steady-state capital-labor ratio that results from a decrease in the saving rate. Can you say what has happened to the equilibrium level of consumption per worker?

What will be an ideal response?

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If the expenditure schedule lies above the level of potential GDP, then there is a(n)

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Economics