The first-order conditions for a monopoly to maximize profits are:
A. d?(Q)/dQ = 0.
B. MR(Q) = MC(Q).
C. dR(Q)/dQ = dC(Q)/dQ.
D. All of the statements associated with this question are correct.
Answer: D
You might also like to view...
The cross-price elasticity of demand is measured by the
a. change in quantity demanded of one good divided by the change in price of another good b. percentage change in quantity demanded of one good divided by the percentage change in its price c. percentage change in demand for one good divided by the percentage change in income d. percentage change in quantity supplied of one good divided by the percentage change in the price of another good e. percentage change in quantity demanded of one good divided by the percentage change in price of another good
Which of the following is the order of fastest to slowest acting policy, once enacted, in affecting aggregate demand?
a. taxes, money, government spending b. taxes, government spending, money c. government spending, taxes, money d. government spending, money, taxes