A monopolist faces the following demand curve: Price Quantity Demanded
$10 5
$9 10
$8 16
$7 23
$6 31
$5 49
$4 52
$3 60

The monopolist has total fixed costs of $40 and a constant marginal cost of $5. At the profit-maximizing level of output, the monopolist’s average total cost is

Which common characteristic of renaissance buildings does this image show

What is the rule relating the ratio of marginal utility to prices of two goods at the optimal choice? explain why, if this rule does not hold, the choice cannot be utility-maximizing.

As bob is driving on an exit off the freeway, he comes to a stop light and sees a homeless man asking people for spare change. “see, he’s a perfect example of why we shouldn’t be giving welfare benefits to the homeless,” bob mutters to his wife. “he’s too lazy to get a job, but he’s healthy enough to beg people for their hard-earned money all day long.” what are the sample and the target in bob’s argument? are there any inductive fallacies present in bob’s reasoning (bias, hastiness, appeal to anecdotal evidence, self-selection)? if so, explain why. if not, explain why not.