« previous next »

Author Question: If a monopolist lowers its price and its demand is inelastic, then its A) total revenue ... (Read 56 times)

anshika

  • Hero Member
  • *****
  • Posts: 510
on: Jun 29, 2018
If a monopolist lowers its price and its demand is inelastic, then its
 
  A) total revenue increases.
  B) total revenue decreases.
  C) total revenue does not change.
  D) total revenue is negative.

Question 2

The change in total revenue that results from employing one more unit of labor is called the
 
  A) wage rate.
  B) value of marginal product of labor.
  C) average revenue.
  D) marginal product of labor.


izzat

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

anshika

  • Hero Member
  • *****
  • Posts: 510
Reply #2 on: Jun 29, 2018
Thank you


izzat

  • Sr. Member
  • ****
  • Posts: 328
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Eclipse Paths for Total and Annular Eclipses 2001–2020 Eclipse Paths for Total and Annular Eclipses 2001–2020
Alan Price - Poor People Alan Price - Poor People
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
Total Fitness and Wellness, Brief Edition, 4th Edition Total Fitness and Wellness, Brief Edition, 4th Edition
Total parenteral nutrition through a catheter in the right subclavian Total parenteral nutrition through a catheter in the right subclavian
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
Video: How proteins function? How do proteins work?

For a complete list of videos, visit our video library