Top Posters
Since Sunday
s
3
3
d
3
s
2
c
2
G
2
y
2
t
2
2
k
2
j
2
e
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
nakungth nakungth
wrote...
Go to Answer
Posts: 1175
Rep: 3 0
6 years ago
Homer's boat manufacturing has a monopoly on boat sales in the region.  Homer's marginal cost of the 8th boat produced is $1,200.  He produces only eight boats and can sell all eight boats for $1,500.  The elasticity of demand at this price is -2.  Is Homer maximizing profits?
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
Read 395 times
3 Replies
Replies
Answer verified by a subject expert
CanihCanih
wrote...
#1
Posts: 463
Rep: 13 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

nakungth Author
wrote...
#2
5 years ago
Thank you!
wrote...
#3
2 years ago
Thank you
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1066 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 4468
  
 1667
  
 121
Your Opinion
Which of the following is the best resource to supplement your studies:
Votes: 300
Previous poll results: What's your favorite funny biology word?