Business, 02.11.2020 21:20 benchang3621
Resources are distributed unevenly throughout the world. This fact MOST relates to the reasons for
A. profit seeking.
B. free enterprise.
C. international trade.
D. business competition.
Answers: 3
Business, 22.06.2019 02:30
Consider the local telephone company, a natural monopoly. the following graph shows the monthly demand curve for phone services and the company’s marginal revenue (mr), marginal cost (mc), and average total cost (atc) curves. 0 2 4 6 8 10 12 14 16 18 20 100 90 80 70 60 50 40 30 20 10 0 price (dollars per subscription) quantity (thousands of subscriptions) d mr mc atc 8, 60 suppose that the government has decided not to regulate this industry, and the firm is free to maximize profits, without constraints. complete the first row of the following table. pricing mechanism short run long-run decision quantity price profit (subscriptions) (dollars per subscription) profit maximization marginal-cost pricing average-cost pricing suppose that the government forces the monopolist to set the price equal to marginal cost. complete the second row of the previous table. suppose that the government forces the monopolist to set the price equal to average total cost. complete the third row of the previous table. under average-cost pricing, the government will raise the price of output whenever a firm’s costs increase, and lower the price whenever a firm’s costs decrease. over time, under the average-cost pricing policy, what will the local telephone company most likely do
Answers: 2
Business, 22.06.2019 04:10
What is the difference between secure bonds and naked bonds?
Answers: 1
Business, 22.06.2019 13:30
What do you recommend adam do to increase production in a business setting that does not seem to value high productivity?
Answers: 3
Business, 22.06.2019 21:30
China white was the black market selling of ivory, in which the profit was redistributed back into the trafficking of heroin.
Answers: 3
Resources are distributed unevenly throughout the world. This fact MOST relates to the reasons for...
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