Please asnwer these question 100% correct please. I need to make sure my answers
ID: 1255031 • Letter: P
Question
Please asnwer these question 100% correct please. I need to make sure my answers are correct. Thank you, i promise I will rate life saver if you give me the correct response.
15. When a firm's profit maximizing sales level is positive, its marginal revenue is ______ its
marginal cost at that quantity.
A. Greater than
B. Less than
C. Equal to
D. Less than or equal to
16. How would a $10 increase in an avoidable fixed cost effect a price-taking firm's supply
curve?
A. MC would increase by $10 and AC would not change
B. AC would increase by $10 and MC would not change
C. MC and AC would both decrease by $10
D. MC and AC would both increase by $10
22. Bundling always increases a multi product monopolist's profit
A. Whenever an increase of a dollar in the willingness to pay for one good implies a reduction of
a dollar in the willingness to pay for another good and the marginal cost is zero
B. Whenever an increase of a dollar in the willingness to pay for one good implies an increase in
the willingness to pay for another good and the marginal cost is zero
C. When doing so does not alter consumers' willingness to pay for the bundle and the monopolist can extract all of aggregate surplus as profit
D. A and C
Explanation / Answer
C D D