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Author Question: In the figure above, the curve labeled X can be a A) monopoly's demand curve. B) monopoly's ... (Read 129 times)

armygirl

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on: Jun 29, 2018
In the figure above, the curve labeled X can be a
 
  A) monopoly's demand curve.
  B) monopoly's marginal revenue curve.
  C) perfectly competitive firm's demand curve.
  D) perfectly competitive firm's marginal revenue curve.

Question 2

The figure above shows a firm in a perfectly competitive market. The firm's supply curve is the curved line linking
 
  A) point a to point c and stopping at point c.
  B) point b to point d and continuing on past point d along the MC curve.
  C) point b to point f and stopping at point f.
  D) point c to point e and continuing on past point e along the ATC curve.


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tofugiraffe

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


armygirl

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Reply #2 on: Jun 29, 2018
Thank you


tofugiraffe

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Reply #3 on: Jun 29, 2018
No problemo


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