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

Author Question: Sellers who lower their prices and consequently sell a larger quantity earn more A) gross (or ... (Read 82 times)

jerry coleman

  • Hero Member
  • *****
  • Posts: 570
on: Jun 29, 2018
Sellers who lower their prices and consequently sell a larger quantity earn more
 
  A) gross (or total) revenue as a result.
  B) gross revenue only if the demand is elastic.
  C) net and gross revenue if the demand is inelastic.
  D) net revenue (revenue minus cost) as a result.

Question 2

The total revenue curve of a monopolist is at its maximum point when:
 
  A) marginal cost is zero.
  B) marginal cost is positive.
  C) marginal revenue is zero.
  D) marginal revenue is positive.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Anonymous

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


jerry coleman

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Jun 29, 2018
Thank you :)


Anonymous

  • Sr. Member
  • ****
  • Posts: 317
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Milestones of Gross Motor Development in Infancy Age ranges provided are for 90% of American infant Milestones of Gross Motor Development in Infancy Age ranges provided are for 90% of American infant
Bones of the lower extremities. Bones of the lower extremities.
Stand in a doorway and hook your fingertips on both sides about chest level or lower. Stand in a doorway and hook your fingertips on both sides about chest level or lower.
4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ... 4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ...
The lower intake manifold attaches to the cylinder heads. The lower intake manifold attaches to the cylinder heads.
Apply kneading and deep stroking to lower arm muscles. (A) Knead muscle bellies. (B) Thumb press ... Apply kneading and deep stroking to lower arm muscles. (A) Knead muscle bellies. (B) Thumb press ...
Video: Steps of glucose catabolism

For a complete list of videos, visit our video library