In the figure above, the curve labeled W can be a A) ...

[rachel9]

In the figure above, the curve labeled W can be a
 
  A) monopoly's demand curve.
  B) monopoly's marginal revenue curve.
  C) perfectly competitive firm's demand curve.
  D) perfectly competitive firm's marginal revenue curve.

Question 2

Average total costs are
 
  A) total costs divided by total output.
  B) total output divided by total costs.
  C) the change in total costs divided by the change in output.
  D) the change in output divided by the change in total costs.

[bblaney]

Answer to Question 1

B

Answer to Question 2

A