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Author Question: Graphically, the marginal revenue curve of a monopolist: a. lies below the demand curve of a ... (Read 112 times)

HCHenry

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on: Jun 30, 2018
Graphically, the marginal revenue curve of a monopolist:
 a. lies below the demand curve of a monopolist.
 b. is the same as the demand curve of a monopolist.
 c. lies above the demand curve of a monopolist.
 d. is the same as the marginal cost curve of a monopolist.

Question 2

A manufacturer of towels finds that his returns to scale are constant. Which of the following conclusions can be drawn?
 a. The long-run total cost curve is horizontal.
  b. The long-run average cost curve is horizontal.
  c. The long-run total cost curve is downward sloping.
  d. The long-run average cost curve is downward sloping.


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raenoj

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

B


HCHenry

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Reply 2 on: Jun 30, 2018
Wow, this really help

raenoj

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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