Kaplan University MT445 unit 4 quiz

Question # 00016279 Posted By: vikas Updated on: 05/27/2014 03:07 PM Due on: 06/21/2014
Subject Economics Topic Managerial Economics Tutorials:
Question
Dot Image

All of the following can be used to compute average profit except


Points Received:1 of 1
Comments:

Question 2.Question :

Figure 11-1





Refer to Figure 11-1. If the firm is producing 700 units, what is the amount of its profit or loss?



Points Received:1 of 1
Comments:

Question 3.Question :

Assume that price is greater than average variable cost. If a perfectly competitive seller is producing at an output where price is $11 and the marginal cost is $14.54, then to maximize profits the firm should



Points Received:1 of 1
Comments:

Question 4.Question :

For a perfectly competitive firm, at profit maximization



Points Received:1 of 1
Comments:

Question 5.Question :

How will an increase in the price of land for housing development affect apple growers who must use land to produce apples?



Points Received:1 of 1
Comments:

Question 6.Question :

The Aluminum Company of America (Alcoa) had a monopoly until the 1940s because



Points Received:1 of 1
Comments:

Question 7.Question :

Economic efficiency requires that a natural monopoly's price be



Points Received:1 of 1
Comments:

Question 8.Question :

A monopoly is characterized by all of the following except


Points Received:1 of 1
Comments:

Question 9.Question :

Figure 14-7


Figure 14-7 shows the cost and demand curves for the Erickson Power Company.


Refer to Figure 14-7.Why won't regulators require that Erickson Power produce the economically efficient output level?



Points Received:1 of 1
Comments:

Question 10.Question :

If a monopolist's marginal revenue is $25 a unit and its marginal cost is $25, then



Points Received:1 of 1
Comments:

Dot Image
Tutorials for this Question
  1. Tutorial # 00015728 Posted By: vikas Posted on: 05/27/2014 03:08 PM
    Puchased By: 2
    Tutorial Preview
    The solution of Kaplan University MT445 unit 4 quiz...
    Attachments
    Kaplan_University_MT445_unit_4_quiz.docx (66.16 KB)

Great! We have found the solution of this question!

Whatsapp Lisa