Answers: 2
Business, 22.06.2019 02:30
Consider the local telephone company, a natural monopoly. the following graph shows the monthly demand curve for phone services and the company’s marginal revenue (mr), marginal cost (mc), and average total cost (atc) curves. 0 2 4 6 8 10 12 14 16 18 20 100 90 80 70 60 50 40 30 20 10 0 price (dollars per subscription) quantity (thousands of subscriptions) d mr mc atc 8, 60 suppose that the government has decided not to regulate this industry, and the firm is free to maximize profits, without constraints. complete the first row of the following table. pricing mechanism short run long-run decision quantity price profit (subscriptions) (dollars per subscription) profit maximization marginal-cost pricing average-cost pricing suppose that the government forces the monopolist to set the price equal to marginal cost. complete the second row of the previous table. suppose that the government forces the monopolist to set the price equal to average total cost. complete the third row of the previous table. under average-cost pricing, the government will raise the price of output whenever a firm’s costs increase, and lower the price whenever a firm’s costs decrease. over time, under the average-cost pricing policy, what will the local telephone company most likely do
Answers: 2
Business, 22.06.2019 08:30
Blank is the internal operation that arranges information resources to support business performance and outcomes
Answers: 2
Business, 22.06.2019 17:30
You should do all of the following before a job interview except
Answers: 2
Business, 22.06.2019 20:20
An economic theory that calls for workers to take control of factories is .
Answers: 3
Demand pull inflation can be started by A. an increase in the price of oil B. a decrease in the quan...
Business, 06.05.2020 08:11
History, 06.05.2020 08:11
Mathematics, 06.05.2020 08:11
Mathematics, 06.05.2020 08:11
Mathematics, 06.05.2020 08:11
Biology, 06.05.2020 08:11
Computers and Technology, 06.05.2020 08:11
English, 06.05.2020 08:11
Health, 06.05.2020 08:11
Mathematics, 06.05.2020 08:11