Refer to the above figure. What are the price and quantity if this monopolist is required to use average cost pricing?

The percentage of the burden of an excise tax that is borne by sellers generally depends on the

a. size of the tax. b. relationship between the elasticity of demand and the elasticity of supply. c. elasticity of demand. d. elasticity of supply.

What is the practical significance of income elasticity coefficients? Explain the significance using as examples an income elasticity of 3.0 for automobiles and an income elasticity of 0.20 for home-cooked meals

Please provide the best answer for the statement.