For a monopoly, marginal revenue is less than price because A) ...

[ghost!]

For a monopoly, marginal revenue is less than price because
 
  A) the demand for the firm's output is downward sloping.
  B) the firm has no supply curve.
  C) the firm can sell all of its output at any price.
  D) the demand for the firm's output is perfectly elastic.

Question 2

The learning curve is the relationship between
 
  A) returns to scale and cumulative costs.
  B) marginal costs and current output.
  C) marginal product of labor and current output.
  D) average costs and cumulative output.

[adammoses97]

Answer to Question 1

A

Answer to Question 2

D