If the inverse demand curve a monopoly faces is p = 100 - 2Q, and MC is constant at 16, then maximum profit
A) equals $336.
B) equals $882.
C) equals $1,218.
D) cannot be determined solely from the information provided.
D
You might also like to view...
At E1, what is the value of the U.S. dollar?
a. less than 1.00 euro
b. 1.50 euro
c. 1.90 euro
d. greater than 1.90 euro
Refer to Figure 18.1. With an import ban, how many gloves are produced domestically in Duckland?
A. 100 B. 80 C. 60 D. 0
Use the information provided in Table 7.2 below to answer the question(s) that follow.
Table 7.2Inputs Required to Produce a Product Using Alternative Technologies
Refer to Table 7.2. If the hourly wage rate is $10 and the hourly price of capital is $50, which production technology should be selected?
A. A B. B C. C D. D
According to Friedman and Phelps, which of the following statements is a correct characterization of unemployment and inflation in the United States since the 1950s?
A. The relationship between inflation and unemployment is very different from the Phillips curve. A positive relationship is evident rather than an inverse relationship. B. A trade-off between inflation and unemployment as pictured in the Phillips curve existed in the 1970s and 1980s, but not over the entire period. C. There is no clear relationship between unemployment and inflation. D. A trade-off between inflation and unemployment as pictured in the Phillips curve existed over the entire time period.