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28 Sep 2019
30.The indifference principle states thatâ
-âIf an asset is mobile, then in the long run, it will be indifferent about where it is used
- âIn the long run, a mobile asset will make the same profit, no matter where it goes
- âIf an asset is mobile, then in the long run, it would stay with the first user
âOnly A&B
31.âIn equilibrium, low risk assets earn a _______return than high risk assets
-âhigher
- âlower
-âsimilar
- ânone of the above
18. A monopoly firm maximizes its profit by producing Q = 500 units of output. At that level of output, its marginal revenue is $30, its average revenue is $60, and its average total cost is $34.
Refer to Scenario 15-3. The firm's profit-maximizing price is
- $30.
- between $30 and $34.
- between $34 and $60.
-- $60.
19. A monopoly firm maximizes its profit by producing Q = 500 units of output. At that level of output, its marginal revenue is $30, its average revenue is $60, and its average total cost is $34.
Refer to Scenario 15-3. At Q = 500, the firm's total revenue is
- $13,000.
- $15,000.
- $17,000.
-$30,000.
30.The indifference principle states thatâ
-âIf an asset is mobile, then in the long run, it will be indifferent about where it is used |
- | âIn the long run, a mobile asset will make the same profit, no matter where it goes |
- | âIf an asset is mobile, then in the long run, it would stay with the first user |
âOnly A&B 31.âIn equilibrium, low risk assets earn a _______return than high risk assets
|
Joshua StredderLv10
28 Sep 2019