For a monopolist:
a. price equals average total cost.
b. price is above marginal revenue.
c. marginal revenue equals zero.
d. marginal cost equals zero.
e. average total cost equals marginal cost.
Question 2
Which of the following is true, according to the law of diminishing marginal utility?
a. The marginal utility of Diane's second Coke is greater than the marginal utility of her third pretzel, other things constant.
b. The marginal utility of Diane's second Coke is greater than the marginal utility of Ken's third pretzel, other things constant.
c. The marginal utility of Diane's second Coke is greater than the marginal utility of her third Coke, other things constant.
d. The total utility of two Cokes is greater than the total utility of three Cokes, other things constant.
e. The marginal utility of Diane's second Coke is greater than the marginal utility of Ken's third Coke, other things constant.
On average, the ratio of carbon to nitrogen is much higher in terrestrial plants than in other major
Functional MRI Scans These scans of human brains show localized average increases in neural activity
How to find the average atomic mass of an element
Average Distribution of Incoming Solar Radiation
A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ...
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...