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

Author Question: If the demand for its product is inelastic, a monopoly's A) total revenue increases when the firm ... (Read 207 times)

sdfghj

  • Hero Member
  • *****
  • Posts: 552
on: Jun 29, 2018
If the demand for its product is inelastic, a monopoly's
 
  A) total revenue increases when the firm lowers its price.
  B) total revenue is unchanged when the firm lowers its price.
  C) marginal revenue is negative.
  D) marginal revenue is equal to zero.

Question 2

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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

voltaire123

  • Sr. Member
  • ****
  • Posts: 301
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


sdfghj

  • Member
  • Posts: 552
Reply 2 on: Jun 29, 2018
Excellent

anyusername12131

  • Member
  • Posts: 327
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

The areas in which reading-associated increases in activity were observed in the fMRI study of ... The areas in which reading-associated increases in activity were observed in the fMRI study of ...
The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ... The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ...
Total Fertility Rate in Japan: Actual versus Forecast Total Fertility Rate in Japan: Actual versus Forecast
Income per Capita versus Total Fertility Rate Income per Capita versus Total Fertility Rate
Use the product rule to find derivative Use the product rule to find derivative
Video: How eudicots (true dicots) differ from monocots Animation

For a complete list of videos, visit our video library