1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
umka2103 [35]
3 years ago
7

Suppose a​ profit-maximizing monopolist is producing 12001200 units of output and is charging a price of ​$60.0060.00 per unit.

If the elasticity of demand for the product is negative 2.00−2.00​, find the marginal cost of the last unit produced.
Business
1 answer:
antiseptic1488 [7]3 years ago
6 0

Answer:

Marginal Cost = $30

Explanation:

Given that

Price = $60

Elasticity of demand = -2

Recall that

MC = P(1 + 1/Ed)

From monopolist pricing rule as a function of elasticity of demand.

Where MC = marginal cost

Ed = elasticity of demand = -2

Thus

MC = 60 (1 + 1/-2)

= 60 (1 + [-0.5])

= 60 ( 1 - 0.5)

= 60 (0.5)

= 30

MC = $30

You might be interested in
All of the following except
JulijaS [17]

Answer:

C

Explanation:

3 0
2 years ago
Consider the following limit-order book for a share of stock. The last trade in the stock occurred at a price of $52. Limit Buy
nekit [7.7K]

Answer:

$52.25

Explanation:

From the question given, thus saying if a market buy order for 100 shares comes in, at what price will it be filled.

(a) The price it will be filled is at  $52.25

The Reason is that,the buy-market order will be filled at the price $52.25, the best value price of the sell limit orders in the book.

8 0
3 years ago
How do consumer expectations affect the demand for a product
sesenic [268]

Answer:c

Explanation:

5 0
3 years ago
Read 2 more answers
Help please!
Kitty [74]

Answer: Gemma took a <em>values inventory </em>in her career explorations class. This indicated to Gemma that money and status may mean a lot to her, but she also finds it healthy to maintain a work-life balance. The correct answer is B.

Explanation:

A values inventory is commonly given in school to help a student with their career goals. They are usually given a personality inventory, an aptitude assessment, and an interest inventory.

The values inventory worksheet has two separate sets of questions about life values and work values. On this worksheet, the student must choose from the columns of "must have, would like, and least important."

A few of the life values a student has to choose from are listed below.

1.) Being Healthy as can be.

2.) Having a happy family life

3.) Having a high status and prestige

4.) Having material possessions in life.

A few of the work values a student has to choose from are listed below.

1.) Being a leader at work.

2.) Working as a team member.

3.) Having experiences that are creative.

4.) Having job security.

8 0
3 years ago
2. Describe a company that has gotten publicity from the news media. Why did the company get publicity? Was it positive or negat
weqwewe [10]

Samsung, for having lithium ion batteries in their new phones the samsung galaxy 7, negative because they were burning up and hurting people.


6 0
3 years ago
Other questions:
  • Mr. Stone's students have been completely engrossed in a physics experiment.At the end of the experiment, all of his students sc
    8·2 answers
  • A foodhandler has finished trimming raw chicken on a cutting board and needs it to prep vegetables. what must be done to the cut
    9·1 answer
  • Clara is looking into investing a portion of her recent bonus into the stock market. While researching different companies, she
    12·1 answer
  • Which of the following management styles is generally best used in a crisis situation?
    6·1 answer
  • A collusive agreement between two firms is likely to break down when​ ____________. A. it is easy to punish cheaters. B. firms v
    7·1 answer
  • if interest rates are positive, the future value of a given sum will always be less than the present value
    6·1 answer
  • Walberg Associates, antique dealers, purchased the contents of an estate for $39,100. Terms of the purchase were FOB shipping po
    6·1 answer
  • 1. Lily operates a gift shop and has a lot of inventory to manage. She counts inventory once every 4 weeks. Preparing and placin
    15·2 answers
  • Carlos bought a building (AB) for $113,000 in 2014. He added an leasehold improvements addition to the building for $26,000. In
    6·1 answer
  • What is the maximum total depreciation deduction that Chaz may deduct in 2020?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!