Metropolitan power and light is a monopoly in the electrical generation and distribution industry. since it does not face any competition in its industry, it has become quite lax in research and development and has not made any improvements to its efficiency. it also spends lavishly on its corporate retreats because it has a high level of guaranteed profits every year. its actions are an example of
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Business, 22.06.2019 00:10, wolfycatsz74
Which of the following is a problem for the production of public goods?
Answers: 2
Business, 22.06.2019 02:30, bellamore
Consider the local telephone company, a natural monopoly. the following graph shows the monthly demand curve for phone services and the companyΓ’β¬β’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 firmΓ’β¬β’s costs increase, and lower the price whenever a firmΓ’β¬β’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 15:30, Kiaraboyd9366
The school cafeteria can make pizza for approximately $0.30 a slice. the cost of kitchen use and cafeteria staff runs about $200 per day. the pizza den nearby will deliver whole pizzas for $9.00 each. the cafeteria staff cuts the pizza into eight slices and serves them in the usual cafeteria line. with no cooking duties, the staff can be reduced by half, for a fixed cost of $75 per day. should the school cafeteria make or buy its pizzas?
Answers: 3
Metropolitan power and light is a monopoly in the electrical generation and distribution industry. s...
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