The marginal cost of a monopolist is constant and is $10. The demand curve and marginal revenue curves are given as follows:
demand: Q = 100 - P
marginal revenue: MR = 100 - 2Q
The deadweight loss from monopoly power is ________.
A) $1000.00
B) $1012.50
C) $1025.00
D) $1037.50
E) none of the above
B
Economics
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If John's marginal benefit derived from the consumption of another candy bar is greater than the price of the candy bar:
a. John will not purchase any more candy bars. b. John will increase his total satisfaction by purchasing the candy bar. c. the opportunity cost of the candy bar is lower than the price. d. John will decrease his total utility if he purchases the candy bar.
Economics
Attempts to keep the economy always within a hair's breadth of full employment is called
a. shock absorption. b. lagging. c. fine tuning. d. crowding out.
Economics