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Author Question: When a company is faced by a kinked demand curve, the marginal revenue curve A) will be upward ... (Read 50 times)

cool

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on: Jul 1, 2018
When a company is faced by a kinked demand curve, the marginal revenue curve
 
  A) will be upward sloping.
  B) will be horizontal.
  C) will always be zero at the quantity produced.
  D) will be discontinuous.

Question 2

The Compensating Variation for an increase in the price of a good is
 
  A) the minimum amount of money a consumer would accept to voluntarily accept the price increase.
  B) the maximum amount of money a consumer would pay to avoid the price increase.
  C) the change in consumer surplus resulting from a price increase.
  D) the change in utility resulting from the increase in price.


tmlewis4706

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

A


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