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Author Question: A kinked demand curve is perceived by the firm as being: a. more elastic to the right of the kink ... (Read 64 times)

wrbasek0

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on: Jun 30, 2018
A kinked demand curve is perceived by the firm as being:
 a. more elastic to the right of the kink
  b. more inelastic to the right of the kink
  c. more inelastic to the left of the kink
  d. present when there is a monopoly
  e. bowed-in or bowed-out

Question 2

When a total output curve is falling, its corresponding marginal product curve is:
 a. vertical.
  b. horizontal.
  c. rising.
  d. falling.


Mochi

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

b

Answer to Question 2

d


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