Bob owns a trout farm with monopoly power in North Carolina. Bob's optimal output occurs where marginal revenue . Because of monopoly power, Bob's supply curve . 1. equals marginal cost; 2. does not exist exceeds marginal cost; 3. does not exist equals marginal cost; 4. is upward-sloping exceeds marginal cost; 5. is perfectly inelastic

Individual consumers belong to which step of choosing a target market? possible customers competition demographics communication

Computing equivalent units is especially important for: (a) goods that take a relatively short time to produce, such as plastic bottles. (b) goods with sustainability implications in their production processes. (c) goods that are started and completed during the same period. (d) goods that take a long time to produce, such as airplanes.

By 2020, automobile market analysts expect that the demand for electric autos will increase as buyers become more familiar with the technology. however, the costs of producing electric autos may increase because of higher costs for inputs (e.g., rare earth elements), or they may decrease as the manufacturers learn better assembly methods (i.e., learning by doing). what is the expected impact of these changes on the equilibrium price and quantity for electric autos?