Economics 101

Hey guys my Econ final is on Tuesday and I could use some help. These are 4 example questions true/false with explanation needed.

1. A monopolist will produce less and charge a higher price than a perfectly competitive industry.

2. Regardless of the type of price control, if it is effective it will reduce the quantity.

3. At maximum profit, a perfectly competitive firm will produce in the short-run even if it is losing money.

4. If demand is inelastic an increase in the price will cause a decrease in the firm's Total Revenues.

Thanks guys!

  1. 👍 0
  2. 👎 0
  3. 👁 235
  1. Take a shot, what do you think?
    Hint, (T,T,T,T)

    1. 👍 0
    2. 👎 0

Respond to this Question

First Name

Your Response

Similar Questions

  1. History 9th grade.

    Hey guys! I have a hard time on this question. I would really appreciate it if you could help me :) The question is: How did conflict and cooperation within early civilizations relate to the use of resources? The hard part is

  2. Math

    A stock increased in value by 7% on Wednesday and then decreased in value by 4% on Thursday. What was the net percentage increase in the value of the stock from the end of the day on Tuesday to the end of the day on Thursday?

  3. physics

    hey you guys , i reay appreciate it if you guys help me out . Q: a vector is a physica quantity that has which of the following properties ( can be more than one) a)magnitude b)color c)speed d)direction

  4. english

    hey people!! im new here and i just got an essay to do on english altough its the first day of school!! please guys i really need your help.. its a essay on the following topics: 1-summer 2-love is not all it's made out to be 3-a

  1. History (Unit 2 History exam Unit 2 Lesson 10)

    Hey guys! I need help in my History unit 2 exam for 8th grade, I was wondering if any of you took it yet and could help me with some of the questions... I really need help it's very hard! >.< Can u pretty please help? T-T

  2. Math_ Intergers

    On Tuesday the temperature changes -2 degrees F perhour from noon until10:00a.m. the next morning. The temperature at noon on Tuesday is 75 degrees F. A) What is the Temperature at 4:00 p.m on Tuesday? B)What is the temperature at

  3. Math

    Hey guys! Just asking for some quick help. In ABC , A is a right angle, and B = 45 degrees. What is the length of BC? If the answer is not an integer leave it in simplest radical form. The diagram has 11ft listed as height of the

  4. MATH

    Write an inquality for the situation. Sam scored at least 26 points. A. K > 26 B. K => 26 C. K =< 26 D. K> 26 Hey guys please help. ASAP

  1. Maths/Physics

    Hey guys pls help- Susan has a trundle wheel. The radius of the wheel is 0.2 metres. She pushes the wheel across the playground. The wheel makes 30 complete rounds. Find the distance the wheel travelled.

  2. Math

    Hey guys this is a precalculus honors question and im stuck, appreciate it if i could get your help. Lauri is a sea level and uses surveying equipment to sight the top of Mount Tam. The angle of elevation to the top is 22 degrees

  3. HELP PLEASE!!!!!

    The cowboy rides into town on Tuesday and stays for three days then leaves on Tuesday how is this possible?

  4. physics

    hey guys i'm stuck on this one question and i need some help!! thanks, appreciate it..... one gallon of paint (volume=3.786 X 10^-3 m^3) covers an area of 25.0 m^2. what is the thickness of the paint on the wall?? could anybody

You can view more similar questions or ask a new question.