Suppose an oligarch alone makes the most profit. In calculating profits, if the output effect is greater than the price effect in the marginal unit of production, then the oligarch ()
A: Have the maximum profit
B: should produce more units
C: More units should be produced less
D: Should be out of the business
A: Have the maximum profit
B: should produce more units
C: More units should be produced less
D: Should be out of the business
举一反三
- When an oligarch alone chooses the level of production that maximizes profits. It Charges A: The price charged by a monopoly is greater than the price charged by a competitive market B: A price less than that charged by a monopoly and greater than that charged by a competitive market C: The price charged in a monopoly or competitive market D: Less than the price charged in a monopoly or competitive market.
- When an oligarch chooses the level of production that maximizes its profit, it produces
- A monopolist maximizes profits by A: producing an output level where marginal revenue equals marginal cost. B: charging a price that is greater than marginal revenue. C: earning a profit of (P - MC) x Q. D: Both a and b are correct.
- You should put more _______ ( effect ) into your study.
- In the model of monopolistic competition, compared to a firm with a lower marginal cost, a firm with a higher marginal cost will set a ________ price, produce ________ output, and earn ________ profits. A: higher; less; more B: higher; less; less C: lower; less; less D: lower; more; more