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Author Question: Sellers who lower their prices and consequently sell a larger quantity earn more A) gross (or ... (Read 113 times)

jerry coleman

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on: Jun 29, 2018
Sellers who lower their prices and consequently sell a larger quantity earn more
 
  A) gross (or total) revenue as a result.
  B) gross revenue only if the demand is elastic.
  C) net and gross revenue if the demand is inelastic.
  D) net revenue (revenue minus cost) as a result.

Question 2

The total revenue curve of a monopolist is at its maximum point when:
 
  A) marginal cost is zero.
  B) marginal cost is positive.
  C) marginal revenue is zero.
  D) marginal revenue is positive.


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Anonymous

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

B

Answer to Question 2

C


jerry coleman

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Reply #2 on: Jun 29, 2018
Thank you :)


Anonymous

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Reply #3 on: Jun 29, 2018
Happy to help you


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