A profit maximizing monopolist should produce within the range where his demand is?
A. Inelastic B. Elastic C. Infinitely elastic D. Unitary elastic Correct Answer: Option C – Infinitely elastic
The difference in each country’s total output on specification is?
A. 16000 units B. 9000 units C. 8000 units D. 7000 units Correct Answer: Option D – 7000 units
Find the mean price of the distribution.
A. N54 B. N51 C. N56 D. N59 Correct Answer: Option A – N54
What is the median quantity?
A. 5kg B. 6kg C. 3kg D. 4kg Correct Answer: Option D – 4kgProducts
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