# ECON 103 ETSU Natural Monopolist Questions

Description

pleas answer all questions carefully.1) Suppose you are a consultant for a natural monopolist worried only about its policies in the short run. What would you recommend in terms of quantity changes (raise, cut, shut down, or stay put) and price changes (raise, cut, or stay put) ifP = \$10; MC = \$10; and AVC = \$52) Suppose you are a consultant for a firm, in a monopolistic industry, worried only about its policies in the short run. What would you recommend in terms of quantity changes (raise, cut, shut down, or stay put) and price changes (raise, cut, or stay put) ifP = \$10; MC = \$10; and AVC = \$5

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Suppose you are a consultant for a natural monopolist worried only about its policies in the short run. What would
you recommend in terms of quantity changes (raise, cut, shut down, or stay put) and price changes (raise, cut, or stay
put) if
P = \$10; MC = \$10; and AVC = \$5
=
CALA Rubric (2) (32)
Criteria
Ratings
Pts
Comprehension:
comprehend concepts relevant to questions
5 pts
90th
Percentile
4 pts
75th
Percentile
3 pts
Median
2 pts
25th
Percentile
1 pts
10th
Percentile
O pts
Missing
5 pts
4 pts
O pts
Application:
Student’s answer reflects ability to apply
5 pts
90th
Percentile
3 pts
Median
75th
Percentile
2 pts
25th
Percentile
1 pts
10th
Percentile
Missing
5 pts
3 pts
1 pts
Logic:
Student’s answer reflects ability to build a
logical explanation.
5 pts
90th
Percentile
4 pts
75th
Median
2 pts
25th
Percentile
10th
Percentile
O pts
Missing
5 pts
Percentile
4 pts
Accuracy:
accurately derive a conclusion.
5 pts
90th
Percentile
3 pts
Median
75th
Percentile
2 pts
25th
Percentile
1 pts
10th
Percentile
O pts
Missing
5 pts
Suppose you are a consultant for a firm, in a monopolistic industry, worried only about its policies in the short run.
What would you recommend in terms of quantity changes (raise, cut, shut down, or stay put) and price changes (raise,
cut, or stay put) if
P = \$10; MC = \$10; and AVC = \$5
=
CALA Rubric (2) (33)
Criteria
Ratings
Pts
4 pts
1 pts
Comprehension:
comprehend concepts relevant to questions
5 pts
90th
Percentile
3 pts
Median
75th
Percentile
2 pts
25th
Percentile
10th
Percentile
O pts
Missing
5 pts
4 pts
3 pts
2 pts
1 pts
Application:
Student’s answer reflects ability to apply
5 pts
90th
Percentile
Median
75th
Percentile
25th
Percentile
10th
Percentile
O pts
Missing
5 pts
5 pts
4 pts
3 pts
O pts
Logic:
Student’s answer reflects ability to build a
logical explanation.
Median
90th
Percentile
75th
Percentile
2 pts
25th
Percentile
1 pts
10th
Percentile
Missing
5 pts
3 pts
1 pts
Accuracy:
accurately derive a conclusion.
5 pts
90th
Percentile
4 pts
75th
Percentile
Median
2 pts
25th
Percentile
10th
Percentile
O pts
Missing
5 pts

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Price Changes

quantity changes

natural monopolist

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