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

Author Question: If a perfectly competitive firm charges the market price of 14 per unit, a. its marginal revenue is ... (Read 108 times)

bcretired

  • Hero Member
  • *****
  • Posts: 525
on: Jun 30, 2018
If a perfectly competitive firm charges the market price of 14 per unit,
 a. its marginal revenue is 14, and its average revenue is less than 14 per unit
  b. it will sell no output
  c. its average revenue is 14, and its marginal revenue is less than 14 per unit
  d. its average revenue is 14, and its marginal revenue is 14
  e. its average and marginal revenue are 14 only for the first unit sold

Question 2

For a monopolist,
 a. marginal revenue and price are constant as quantity increases
  b. marginal revenue falls but price is constant as quantity increases
  c. marginal revenue is constant but price falls as quantity increases
  d. both marginal revenue and price fall as quantity increases, but price falls faster
  e. both marginal revenue and price fall as quantity increases, but marginal revenue falls faster


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

DylanD1323

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

E


bcretired

  • Member
  • Posts: 525
Reply 2 on: Jun 30, 2018
Gracias!

kilada

  • Member
  • Posts: 311
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
A typical oil pressure sending unit on a Ford V-8. A typical oil pressure sending unit on a Ford V-8.
One unit of clathrate structure surrounding a hydrophobic molecule (yellow) One unit of clathrate structure surrounding a hydrophobic molecule (yellow)
Project Management: Achieving Competitive Advantage Project Management: Achieving Competitive Advantage
A Partially Filled 50-Unit Insulin Syringe A Partially Filled 50-Unit Insulin Syringe
Iraqi market Iraqi market
Video: Mendel's Principles of Dominance, Segregation and Independent Assortment

For a complete list of videos, visit our video library