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Author Question: The demand curve for a monopolist is: a. the demand curve for the industry. b. less than the ... (Read 22 times)

wenmo

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on: Jun 30, 2018
The demand curve for a monopolist is:
 a. the demand curve for the industry.
  b. less than the market demand curve.
  c. below the marginal revenue curve.
  d. nonexistent.
  e. the sum of the demand curves of the perfectly competitive firms in the industry.

Question 2

Diminishing marginal utility means that as you consume more of a good, other things constant, the:
 a. total satisfaction you obtain from consuming this good falls.
  b. total amount produced falls.
  c. marginal product falls.
  d. additional satisfaction you obtain from each additional unit of the good falls.
  e. total satisfaction you obtain from each extra good becomes constant.


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shailee

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


wenmo

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

amandalm

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Reply 3 on: Yesterday
Excellent

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