Question 12(Multiple Choice Worth 2 points)
(04.05 MC)
Compared to an oligopoly market...
Advanced Placement (AP), 18.05.2021 02:10 mrsqueenbabe516
Question 12(Multiple Choice Worth 2 points)
(04.05 MC)
Compared to an oligopoly market without cooperation, one in which the individual firms form a cartel will produce and charge .
less; less
less; more
more; less
more; more
indeterminate
Question 13(Multiple Choice Worth 2 points)
(04.02 MC)
The allocatively efficient quantity of widgets for the whole market is 10 million units. At that quantity, the demand for widgets is at $10. However, the single supplier of widgets is producing 5 million units and charging $20 per widget. Based on this data, the market for widgets is
a monopoly
an oligopoly
productively efficient
operating at minimum efficient scale
experiencing economic losses
Question 14(Multiple Choice Worth 2 points)
(04.03 MC)
The graph below represents the demand graph of a monopolist.
Graph of monopoly. A curve labeled MC slopes downward and then upward to the right, intersecting a downward sloping line labeled MR at P equals 8 dollars and Q equals 40 and another downward sloping line labeled Demand at P equals 12 dollars and Q equals 50. At Q equals 40, the Demand line is at P equals 14 dollars. Both Demand and MR start at P equals 22 dollars on the vertical axis.
The firm uses price discrimination to increase its profits. What is the change in the price level? Assume the firm is acting to maximize profits before and after price discrimination.
From $8 to $14
From $14 to $8
From $14 to $12
From $8 to demand level at every output quantity
From $14 to demand level at every output quantity
Question 15(Multiple Choice Worth 2 points)
(04.02 MC)
Use the graph to answer the question that follows.
Downward sloping AR curve above downward sloping MR curve. Typically shaped MC and AC curves. MC intersects MR at point G and at Quantity Q2. Point N is on the MC curve and is associated with the points P2 and Q2. Point M is on the AR curve and is associated with the points P1 and Q2. MC intersects MC at point H associated with quantity Q1.
What would be the area of this firm's total revenue?
P3, G, Q2, and 0
P2, N, Q2, 0
P1, M, Q2, 0
P1, M, N, P2
P1, M, G, P3
Answers: 3
Another question on Advanced Placement (AP)
Advanced Placement (AP), 23.06.2019 05:00
Which quality ensures that you are in a better position to represent yourself
Answers: 1
Advanced Placement (AP), 24.06.2019 07:00
Gretta needs a $300,000 mortgage and is offered two choices. the monthly payments for the fixed rate and predicted payments for the arm are shown. adjustable rate mortgage year monthly payment 1-15 $1,610.46 adjustable rate mortgage year monthly payment 1-5 $1,520.06 6-15 $1,728.54 what is the difference between the total costs of the mortgages rounded to the nearest hundred? $8,700 $1,700 $15,800 $5,000
Answers: 1
Advanced Placement (AP), 24.06.2019 17:50
For review 1. in terms of which government is sovereign, differentiate among a unitary system, a confed- eral system, and a federal system of government. 2. to which level of government does the constitution distribute the enumerated po implied powers? concurrent powers? reserved powers? provide several power. 3. what matters fall within the scope of state sovereignty? differentiate among dual federalism, cooperative federalism, centralized federalism, and conflicted federalism. how does the national government use grants-in-aid, mandates, and preemption to direct the policy of state and local governments? 6. what do we mean by intergovernmental relations? why is the term a good description of u.s. federalism today? 7. list several advantages and several disadvantages of a federal system.
Answers: 2
Advanced Placement (AP), 25.06.2019 11:00
Which are the apprehensions of the consumers who shop online? consumers who shop online enjoy the convenience of shopping from home but are apprehensive about theft and loss of privacy.
Answers: 1
You know the right answer?
Questions
Chemistry, 13.12.2019 02:31
History, 13.12.2019 02:31
