If an unregulated electric company is a monopolist, faces demand of Q = 100 - 50P, and has a constant marginal cost of 1, the profit-maximizing price is
a. 0
b. 1
c. 1.5
d. 2
b
Economics
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Human capital ________ as you work. As a result, the ________ of goods and services ________
A) does not change; quality; does not change. B) decreases; quantity; decreases. C) improves; quality; does not change. D) declines; quality; increases. E) increases; quantity; increases.
Economics
What are demand shocks? Give an example of a positive and a negative demand shock
What will be an ideal response?
Economics