At the point where the marginal revenue equals zero for a ...

[Anajune7]

At the point where the marginal revenue equals zero for a monopolist facing a straight-line demand curve, total revenue is:
 a. greater than 1.
  b. maximum.
  c. less than 1.
  d. equal to zero.

Question 2

The demand curve is downward-sloping because of the law of ____.
 a. diminishing marginal utility
  b. diminishing consumer equilibrium
  c. consumer equilibrium
  d. diminishing utility maximization

[lkanara2]

Answer to Question 1

b

Answer to Question 2

a

[Anajune7]

Thanks for the timely response, appreciate it

[helenmarkerine]

Excellent