Refer to the table below. The profit-maximizing price for the monopolist will be:
Answer the question below on the basis of the following demand and cost data for a pure monopolist.
A. $2.50
B. $2.25
C. $2.00
D. $1.75
B. $2.25
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The age-earnings cycle is an earnings profile of an individual throughout the person's lifetime. The profile shows that
A) earnings usually peak at age 25 and then decline. B) earnings gradually rise until they peak around age 50. C) earnings and age have no particular correlation. D) younger workers have the most productivity.
What is meant by economies of scale and what is the importance of this concept to economic growth?
Please provide the best answer for the statement.
To protect the environment, governments in the United States have mainly used
A. legally enforceable direct controls on pollution. B. taxes on goods whose production creates pollution. C. direct taxes on emissions. D. discretionary guidelines suggested to polluting firms.
Optimization in levels calculates:
A) only the costs of an alternative and not the benefits. B) the total net benefits of different alternatives. C) the change in net benefits resulting from a shift from one alternative to another. D) only the benefits of an alternative and not the costs.