Indian ECONOMICS 2013 – For the wheat farmer and the electricity
For the wheat farmer and the electricity supplier the price that corresponds to the shut down pointequals _______ for the farmer and _______ for the electricity monopolist.$10, $9 $15, $9 $20, $20 $15, $13 $18, $9 The monopoly firm will produce ________ units of electricity and charge _________. While the farmerwill produce _________ bushels of wheat and charge _______ in the long run equilibrium position.80, $19, 250, $18 60, $15, 100, $10 200, $13, 350, $20 100, $15, 200, $15 of the above At what price are both the farmer and electricity monopolist earning economic profit? $20 $10 $18 $13 $17 None At what price are both the farmer and the electricity monopolist incurring losses, but not contemplatingshutting down?$20 $15 $17 $10 None of the above
