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Author Question: The monopolist's demand curve is: a. identical to the market demand curve. b. identical to the ... (Read 23 times)

NguyenJ

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on: Jun 30, 2018
The monopolist's demand curve is:
 a. identical to the market demand curve.
  b. identical to the marginal revenue curve.
  c. below the marginal revenue curve.
  d. a horizontal line at the market price.
  e. a U-shaped curve.

Question 2

Assume the total utilities corresponding to the first four units of a product consumed are 8, 12, 14, and 15, respectively. The marginal utility of the second unit consumed is:
 a. 0.
  b. 4.
  c. 12.
  d. 20.


firehawk60

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

a

Answer to Question 2

b


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NguyenJ

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Reply #2 on: Jun 30, 2018
Thank you :)


firehawk60

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Reply #3 on: Jun 30, 2018
Happy to help you


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