Elasticity and profit maximization

A nondiscriminating monopolist cannot maximize profits through producing where demand: (w) price elastic. (x) price inelastic. (y) above marginal cost. (z) above marginal revenue.

Can someone explain/help me with best solution about problem of Economics...

   Related Questions in Microeconomics

  • Q : Intermediate Oligopoly Why is demand

    Why is demand curve is beneath oligopoly indeterminate (i.e., uncertain)? Answer: Demand curve is indeterminate since of price war among sellers.

  • Q : Heterodox explanation I can't discover

    I can't discover the answer of this question based on heterodox explanation. Help me out to get through this question. What is the heterodox explanation of the social provisioning procedure?

  • Q : Problem on Agency Shop I have a problem

    I have a problem in economics on Problem on Agency Shop. Please help me in the following question. The Nonunion members can’t ‘free-ride’ in the states with Right-to-Work laws when a company agrees to operate a or an: (i) Closed shop

  • Q : Maximizing firm profit conflicts with

    Whenever maximizing the firm profit conflicts with self-interests of business managers, this can lead to the: (i) Principal-agent problems. (ii) Negative accounting gain. (iii) Maximization of the revenues. (iv) Negative economic gain.

    Q : NOT cartelized product in market power

    Products which have NOT been cartelized comprise: (w) oil. (x) bananas. (y) sugar. (z) wheat. Can anybody suggest me the proper explanation for given problem regarding Economics generally?

  • Q : Short-run consequence of hurricanes

    A probable short-run consequence of a devastating sequence of hurricanes smashing by Florida would be: (w) reductions within the prices of building materials. (x) raises the price of tickets at Disney World. (y) declining demand for Florida oranges due to higher price

  • Q : Experience decreasing costs industry If

    If one industry’s development stimulates development in support and complementary industries, it permits firms within the industry to: (i) move up their rising long run average costs curves. (ii) sell their products for higher prices. (iii) focus old technologie

  • Q : All possible prices exceeding in

    Participants in this market would experience a surplus in this market for teleporter buttons: (1) at all possible price per button exceeding P2. (2) equal to distance cd when the price per button equals P1. (3) when this market was primarily in e

  • Q : Monopsonistic exploitation- contracts

    The labor union contracts, a comparable worth rule, or minimum salary laws might boost up equilibrium employment when a firm has been practicing: (v) Price discrimination. (w) Monopolistic exploitation. (x) Feather-bedding. (y) Blacklisting. (z) Monopsonistic exploita

  • Q : Giving wholesale price per dozen by

    When Rose Garden Wholesalers has a typical type cost structure of rose farms within this purely competitive industry, into the long run new competitors would most likely enter the market providing the wholesale price

©TutorsGlobe All rights reserved 2022-2023.