This topic contains a solution. Click here to go to the answer

Author Question: Marginal revenue is the change in total revenue from selling one more unit of output. a. True b. ... (Read 83 times)

mydiamond

  • Hero Member
  • *****
  • Posts: 804
Marginal revenue is the change in total revenue from selling one more unit of output.
 a. True
  b. False

Question 2

The demand curve facing a monopolist is perfectly elastic.
 a. True
  b. False



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

coyin

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

A

Answer to Question 2

B




mydiamond

  • Member
  • Posts: 804
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


Hdosisshsbshs

  • Member
  • Posts: 315
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

For a complete list of videos, visit our video library