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

Author Question: If a demand curve shifts to the left, then A) quantity demanded has increased. B) demand has ... (Read 80 times)

big1devin

  • Hero Member
  • *****
  • Posts: 583
on: Jun 29, 2018
If a demand curve shifts to the left, then
 
  A) quantity demanded has increased. B) demand has increased.
  C) quantity demanded has decreased. D) demand has decreased.

Question 2

Why is marginal revenue less than price for a monopolist?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kjones0604

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

To a monopolist, marginal revenue is less than price because to raise output one unit and be able to sell that one unit, the firm must lower the price it charges to all buyers.


big1devin

  • Member
  • Posts: 583
Reply 2 on: Jun 29, 2018
Gracias!

meow1234

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Shifts between Warm and Cold Periods during the Last 3 Million Years Shifts between Warm and Cold Periods during the Last 3 Million Years
Phyllis Schlafly drew much of her support from working-class women who were left vulnerable by the ... Phyllis Schlafly drew much of her support from working-class women who were left vulnerable by the ...
Psychoactive substances: (left) Psilocybin is obtained from a species of mushroom; (right) LSD is ... Psychoactive substances: (left) Psilocybin is obtained from a species of mushroom; (right) LSD is ...
Anatomy of the heart. Remember: It is labeled right and left based on the patient’s perspective. Anatomy of the heart. Remember: It is labeled right and left based on the patient’s perspective.
Intro-6 SHOWING PART OF THE LEFT WING Intro-6 SHOWING PART OF THE LEFT WING
Functional Differences between Right and Left Hemispheres Functional Differences between Right and Left Hemispheres
Video: Mycobacterium tuberculosis: Drug Resistance and Natural Selection

For a complete list of videos, visit our video library