This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a demand curve shifts to the left, then A) quantity demanded has increased. B) demand has ... (Read 117 times)

big1devin

  • Hero Member
  • *****
  • Posts: 583
on: Jun 29, 2018
If a demand curve shifts to the left, then
 
  A) quantity demanded has increased. B) demand has increased.
  C) quantity demanded has decreased. D) demand has decreased.

Question 2

Why is marginal revenue less than price for a monopolist?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kjones0604

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

To a monopolist, marginal revenue is less than price because to raise output one unit and be able to sell that one unit, the firm must lower the price it charges to all buyers.


big1devin

  • Member
  • Posts: 583
Reply 2 on: Jun 29, 2018
Wow, this really help

tanna.moeller

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Technique of Direct Fist Percussion: Left Kidney Technique of Direct Fist Percussion: Left Kidney
Left sided heart failure Left sided heart failure
Change in Drawing Abilities from Early to Middle Childhood Drawings become more realistic as fine m Change in Drawing Abilities from Early to Middle Childhood Drawings become more realistic as fine m
Medication with the USP label (left) and without USP label (right). Practice Label “for ... Medication with the USP label (left) and without USP label (right). Practice Label “for ...
Unregulated populations "J-shaped curve" Unregulated populations "J-shaped curve"
Growth in the demand for oil from the developing world Growth in the demand for oil from the developing world
Video: Introduction to Human Immunodeficiency Virus (HIV)

For a complete list of videos, visit our video library