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

Author Question: As a monopolist increases the quantity of output produced, what happens to price (P) and marginal ... (Read 20 times)

ap345

  • Hero Member
  • *****
  • Posts: 537
on: Jun 30, 2018
As a monopolist increases the quantity of output produced, what happens to price (P) and marginal revenue (MR)?
 a. both P and MR remain constant
  b. P is constant, but MR decreases
  c. P decreases, but MR is constant
  d. both P and MR decrease, but P falls faster than MR
  e. both P and MR decrease, but MR falls faster than P

Question 2

Which of the following does not increase a McDonald's franchisee's financial stake in the success of the operation?
 a. Successful owners may get additional restaurants
  b. The franchise is valid for 20 years and renewable after that
  c. The franchisee can safely ignore the company's standards of quality, pricing, cleanliness, hours of operation, and so on
  d. The franchisee must make highly specific investments of money and time
  e. The franchisee must have non-borrowed personal resources of at least 200,000 in cash


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

stillxalice

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

C


ap345

  • Member
  • Posts: 537
Reply 2 on: Jun 30, 2018
Gracias!

Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

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.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Exercise increases the heart rate. Exercise increases the heart rate.
Upper Paleolithic stone tools include blade-based tools as seen here being produced from a blade cor Upper Paleolithic stone tools include blade-based tools as seen here being produced from a blade cor
The proportion of men and women with elevated blood pressure or taking hypertension medication incre The proportion of men and women with elevated blood pressure or taking hypertension medication incre
A dose-response curve describes the relationship between the quantity of the chemical entering the ... A dose-response curve describes the relationship between the quantity of the chemical entering the ...
Possible Sources of Differences in Output per Worker Possible Sources of Differences in Output per Worker
Crossing over in prophase I increases genetic variation Crossing over in prophase I increases genetic variation
Video: Double Vacuum Process (Illustration No Audio)

For a complete list of videos, visit our video library