In the above figure, if this natural monopolist were unregulated, the profit maximizing firm would sell the product at the price
A. A.
B. B.
C. C.
D. F.
Answer: A
You might also like to view...
If the marginal utility to Juan of sleeping an extra hour (from 8 a.m. to 9 a.m.) is negative,
A. Juan is better off getting up at 8 a.m. B. Juan is better off getting up at 9 a.m. C. Juan’s total utility from sleeping must be negative. D. Juan’s average utility from every hour he sleeps must be negative.
Consider the two following statements: I. x is an inferior good. II. x exhibits Giffen's Paradox. Which of the following is true?
a. I implies II, but II does not necessarily imply I. b. II implies I, but I does not necessarily imply II. c. I and II are statements of the same phenomenon.
Which of the following questions would not be of particular interest to a microeconomist?
a. Why do national economies grow? b. What percentage of consumer income is spent on entertainment? c. Why do workers prefer the 4-day workweek? d. What happens to worker productivity when the job shifts to a 4-day workweek? e. How is the electric industry harmed by the passage of new clean air legislation?
The GDP of a country can be derived by summing
a. the expenditures on final user goods and services produced domestically during the year. b. the payments to employees and owners of capital resources and then subtracting depreciation and indirect business taxes. c. the market value of all goods and services produced domestically during the period and then subtracting net exports from that figure. d. the income payments to the resource suppliers and net exports.