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Author Question: A single-price monopolist determines A) its output but not its price. B) its price but not its ... (Read 80 times)

Marty

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on: Jun 29, 2018
A single-price monopolist determines
 
  A) its output but not its price.
  B) its price but not its output.
  C) both its output and its price.
  D) neither its output nor its price.

Question 2

If a firm's marginal product of labor is greater than its average product of labor, then an increase in the quantity of labor it employs definitely
 
  A) increases its total product.
  B) increases its marginal product of labor.
  C) decreases its average product of labor.
  D) does not change its average product of labor.


lindahyatt42

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


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