Top Posters
Since Sunday
j
3
s
3
j
2
J
2
e
2
n
2
t
2
d
2
b
2
t
2
J
2
b
2
New Topic  
nakungth nakungth
wrote...
Posts: 1175
Rep: 3 0
7 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 408 times
3 Replies
Replies
Answer verified by a subject expert
CanihCanih
wrote...
Posts: 463
7 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...
6 years ago
Thank you!
wrote...
3 years ago
Thank you
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  641 People Browsing
Related Images
  
 1689
  
 594
  
 593
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 436