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.
Menstrual cycle summary based on a 28-day (average) menstrual cycle.
Primary production increases with an increase in total phosphorus concentration.
Effect of Perceived Price of a Drug on Placebo Analgesia
How to find the average value of a function
The temperature of an average lightning bolt is 3.0 x 104 °C. What is the equiva
The price of rice in a small country is currently $6 per pound. In order to help low-income ...