Business, 06.05.2020 03:35, makeithappen60
A monopoly firm is different from a competitive firm in that: A. there are many substitutes for a monopolist's product whereas there are no substitutes for a competitive firm's product. B. a monopolist's demand curve is perfectly inelastic whereas a competitive firm's demand curve is perfectly elastic. C. a monopolist can influence market price whereas a competitive firm cannot. D. a competitive firm has a U-shaped average cost curve whereas a monopolist does not.
Answers: 3
Business, 22.06.2019 07:30, mv603177
Most states have licensing registration requirements for child care centers and family daycare homes. these usually include minimum standard for operation. which of the following would you most likely find required in a statement of state licensing standards for child care centers?
Answers: 2
Business, 22.06.2019 20:30, williamsdre9371
What talent or skill do u wish too develop for yourself
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Business, 23.06.2019 01:00, robert7248
The monthly demand equation for an electric utility company is estimated to be p equals 60 minus left parenthesis 10 superscript negative 5 baseline right parenthesis x, where p is measured in dollars and x is measured in thousands of killowatt-hours. the utility has fixed costs of $3 comma 000 comma 000 per month and variable costs of $32 per 1000 kilowatt-hours of electricity generated, so the cost function is upper c left parenthesis x right parenthesis equals 3 times 10 superscript 6 baseline plus 32 x. (a) find the value of x and the corresponding price for 1000 kilowatt-hours that maximize the utility's profit. (b) suppose that the rising fuel costs increase the utility's variable costs from $32 to $38, so its new cost function is upper c 1 left parenthesis x right parenthesis equals 3 times 10 superscript 6 baseline plus 38 x. should the utility pass all this increase of $6 per thousand kilowatt-hours on to the consumers?
Answers: 2
A monopoly firm is different from a competitive firm in that: A. there are many substitutes for a mo...
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