The revenue-maximizing output for a nondiscriminating monopolist represented in the table given below is?
A. 0 units
B. 2 units
C. 3 units
D. 4 units
E. 5 units
Answer: E. 5 units
You might also like to view...
Technological advances shift the supply curve rightward
a. True b. False Indicate whether the statement is true or false
Use the economic way of thinking to complete the following statement: An entrepreneur who owns his own building
A) enjoys the building as a free good. B) sacrifices rental income he could have been earned on the building. C) enjoys lower costs than other entrepreneurs who choose to rent buildings from others. D) enjoys larger economic profits compared to other entrepreneurs who choose to rent buildings from others.
Assuming each policy is performed with the same magnitude, which of the following would be the most restrictive monetary policy action on the part of the Federal Reserve?
a. Sell government securities, raise reserve requirements, and lower the discount rate b. Buy government securities, raise reserve requirements, and raise the discount rate c. Sell government securities, lower reserve requirements, and raise the discount rate d. Sell government securities, raise reserve requirements, and raise the discount rate
You are a manager of a small coal mining operation. Your best way to design task would be
A. narrow task assignment and functional specialization among workers. B. narrow task assignment to workers and limited interest in specialized task. C. broad allocation of decision rights and empowerment via delegation. D. narrow specialization among workers without any task assignment.