题目
题目

ECON_104B_001_25S Chapter 11 Practice Problems -- Multiple-Choice

单项选择题

Suppose a monopolist has a marginal cost of $25 and charges a price of $40. The monopolist's Lerner Index is

选项
A.0.60
B.0.625
C.0.375
D.1.60
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标准答案
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思路分析
To evaluate the Lerner Index, recall the formula L = (P − MC) / P, where P is price and MC is marginal cost. First, compute the numerator: P − MC = 40 − 25 = 15. Next, divide by the price: 15 / 40 = 0.375. This gives the Lerner Index as a decimal. Now, e......Login to view full explanation

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