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

Author Question: A firm facing a downward-sloping demand curve sells 50 units of output at 10 each. The firm's ... (Read 46 times)

xclash

  • Hero Member
  • *****
  • Posts: 681
on: Jun 30, 2018
A firm facing a downward-sloping demand curve sells 50 units of output at 10 each. The firm's marginal revenue is
 a. 500
  b. more than 10 but less than 500
  c. 10
  d. less than 10
  e. zero

Question 2

A natural monopoly, such as the local telephone company, is characterized by
 a. a lack of natural competitors
  b. low fixed costs and diseconomies of scale
  c. economies of scale
  d. a lack of government regulation
  e. constant costs of production


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cupcake16

  • Sr. Member
  • ****
  • Posts: 309
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

C


xclash

  • Member
  • Posts: 681
Reply 2 on: Jun 30, 2018
Gracias!

cpetit11

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Find the final amount if the initial amount is 400 units. Find the final amount if the initial amount is 400 units.
How to find the equation of a cosine curve How to find the equation of a cosine curve
Bacteria growth curve Bacteria growth curve
Calculator Output Calculator Output
Intraaortic balloon pump. The balloon deflates during systole, so cardiac output is unimpeded. Intraaortic balloon pump. The balloon deflates during systole, so cardiac output is unimpeded.
The surface temperature of the star is 6000 K. At what wavelength is its light output a maximum The surface temperature of the star is 6000 K. At what wavelength is its light output a maximum
Video: X chromosome inactivation in calico cats

For a complete list of videos, visit our video library