In the above figure, if the natural monopoly is not regulated it will produce
A) 12 million units at a price of $18 per unit.
B) 8 million units at a price of $12 per unit.
C) 8 million units at a price of $21 per unit.
D) 8 million units at a price of $24 per unit.
D
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In the table above, if the cost of capital is $20 per day and an hour of labor is $15 per day, which method is economically efficient?
A) A B) B C) C D) D
At which interest rate is the present value of $145.80 two years from today equal to $125 today?
a. 2 percent b. 4 percent c. 6 percent d. 8 percent
Which of the following examples is elastic but not perfectly elastic?
a. When milk is discounted by 10 percent, sales increase by 20 percent. b. When corn is discounted by 2 percent, sales increase by 100 percent. c. When HD televisions are discounted by 3 percent, sales increase by 200 percent. d. When motorcycles are discounted by 5 percent, sales increase by 500 percent.
Exhibit 8-8 Profit maximizing for a monopolist
?
As shown in Exhibit 8-8, if the monopolist produces the profit-maximizing output, total revenue is the rectangular area:
A. OQAP1. B. OQ2BP2. C. OQ3CP3. D. OQ2DP4.