« previous next »

Author Question: Which of the following statements is true of the demand curve and the marginal revenue curve of a ... (Read 82 times)

karateprodigy

  • Hero Member
  • *****
  • Posts: 550
on: Jun 29, 2018
Which of the following statements is true of the demand curve and the marginal revenue curve of a monopolist?
 
  A) Both curves have the same intercept on the price axis.
  B) The demand curve is downward sloping while the marginal revenue curve is upward sloping.
  C) The intercept of the demand curve on the price axis is higher than the intercept of the marginal revenue curve.
  D) The intercept of the demand curve on the price axis is lower than the intercept of the marginal revenue curve.

Question 2

In the above figure, the slope across the arc between b and c is
 
  A) 1/2.
  B) 2/3.
  C) 1.
  D) 2.


mmj22343

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

A theoretical photosynthetic response curve. A theoretical photosynthetic response curve.
Ebbinghaus’s forgetting curve Ebbinghaus’s forgetting curve
A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ... A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ...
Unregulated populations "J-shaped curve" Unregulated populations "J-shaped curve"
The Radioactive Decay Curve The Radioactive Decay Curve
The age-of-onset curve for Huntington disease (HD) The age-of-onset curve for Huntington disease (HD)
Video: Muscular Dystrophy

For a complete list of videos, visit our video library