Author Question: At the point where the marginal revenue equals zero for a monopolist facing a straight-line demand ... (Read 13 times)

Anajune7 · **on:** Jun 30, 2018

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