51. Exhibit 9-10 A monopolist In Exhibit 9-10, at the profit-maximizing or loss-

Question

51.

Exhibit 9-10 A monopolist



In Exhibit 9-10, at the profit-maximizing or loss-minimizingoutput, the monopolist's total economic profit is:

A)negative.
B)positive.
C)minimum.
D)zero.

55.

Exhibit 11-7 Demand for labor curves



In Exhibit 11-7, which of the following could have caused the shiftin labor demand from D1 to D2?

A)Increase in wages.
B)Decrease in demand for the product.
C)Increase in the demand for the product.
D)Decrease in wages.
E)Decrease in price of product

61.

Exhibit 8-12 Marginal revenue and cost per unitcurves



As shown in Exhibit 8-12, if the price is OB, the firm's total costof producing at its most profitable level of outputis:

A)OYFB.
B)OXEA.
C)YF.
D)XL.

68.

Exhibit 9-3 Demand and cost curves for GeneTech, amonopolist with a patented vaccine



In Exhibit 9-3, how much vaccine should GeneTech produce tomaximize its profit?

A)400 doses per hour.
B)300 doses per hour.
C)Between 400 and 500 doses per hour.
D)500 doses per hour.

79.

Exhibit 7-16 Long-run average costcurves



In Exhibit 7-16, which firm's long-run average cost curveexperiences constant returns to scale?

A)Firms A and C.
B)Firm B.
C)Firm A.
D)Firm C.

83.

Exhibit 7-14 Cost curves



In Exhibit 7-14, constant returns to scale only exist for outputlevels between:

A)1,000 and 2,000.
B)3,000 and 4,000.
C)0 and 1,000.
D)2,000 and 3,000.
E)4,000 and infinity.

85.

Exhibit 7-3 A marginal product curve



As shown in Exhibit 7-3, the marginal product of labor for the lastworker hired when 5 workers are employed per day is:

A)100.
B)50.
C)175.
D)150.

89.

Exhibit 8-18 A typical firm in a perfectly competitivemarket



As shown in Exhibit 8-18, the perfectly competitive firm is inlong-run equilibrium at an output of:

A)200 units per week.
B)600 units per week.
C)zero units per week.
D)400 units per week.

92.

Exhibit 10-1 A monopolistic competitivefirm



As represented in Exhibit 10-1, the maximum long-run economicprofit earned by this monopolistic competitive firm is:

A)$200 per day.
B)$1,000 per day.
C)zero.
D)$20,000 per day.

Explanation / Answer

Youre missing graphs again. You can pm me the link if you have the graphs somewhere or use cramchat. But remember how to find profit maximization for monopolies and competitive firms and these questions should be alright

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