{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Quiz2S10-5

Quiz2S10-5 - answer is correct and 0 if it is not correct 1...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Econ 100B Spring 2010 Quiz 2 Stefanie’s Sections You have 10 minutes to take this quiz. Please answer each question in space provided. You are encouraged to write your answers as fractions (as opposed to decimals) and to show your work. However, your score for each question will simply be 1 if your
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: answer is correct and 0 if it is not correct. 1. A monopolist faces inverse demand P = 60 − 3 q and has a marginal cost of MC = 12. What is her proFt-maximizing quantity and price? q = and p = 2. What is the deadweight loss if she chooses her proFt-maximizing quantity and price? DWL = 3...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online