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

Author Question: Which of the following is true for a pure monopolist? a. The firm has a perfectly elastic demand ... (Read 53 times)

mynx

  • Hero Member
  • *****
  • Posts: 555
on: Jun 30, 2018
Which of the following is true for a pure monopolist?
 a. The firm has a perfectly elastic demand curve.
  b. The firm will always earn an economic profit.
  c. The demand curve is above the marginal revenue curve.
  d. None of these is true.

Question 2

According to the law of diminishing marginal utility, the marginal utility curve is ____.
 a. vertical
  b. flat.
  c. upward sloping.
  d. downward sloping.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tkempin

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


mynx

  • Member
  • Posts: 555
Reply 2 on: Jun 30, 2018
:D TYSM

milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

True-color image of layers of haze in Titan's atmosphere. True-color image of layers of haze in Titan's atmosphere.
Greet a First-Time Client With a Firm Handshake. Greet a First-Time Client With a Firm Handshake.
One-handed kneading. Tissues are lifted with the whole hand in firm contact. One-handed kneading. Tissues are lifted with the whole hand in firm contact.
Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ... Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ...
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 ...
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
Video: Neural regulation of mechanical digestion- CNS voluntary, ANS & ENS controlled involuntary movements

For a complete list of videos, visit our video library