Author Question: At any point where a monopolist's marginal revenue is positive, the downward-sloping straight-line ... (Read 59 times)

robinn137 · **on:** Jun 30, 2018

At any point where a monopolist's marginal revenue is positive, the downward-sloping straight-line demand curve is:
a. perfectly elastic.
b. elastic, but not perfectly elastic.
c. unit elastic.
d. inelastic.

Question 2

In the consumer choice problem, consumers are confronted with which of the following?
a. A set of different consumer goods and services to choose from.
b. A set of prices for those goods and services.
c. A finite budget that constrains the quantity of goods and services that consumers can buy.
d. Preferences or utility associated with consuming different quantities of each of the different goods and services.
e. All of the above answers are correct.