This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the name of the monopolist having a declining long-run average cost throughout the market? ... (Read 44 times)

P68T

  • Hero Member
  • *****
  • Posts: 509
on: Jun 30, 2018
What is the name of the monopolist having a declining long-run average cost throughout the market?
 a. Monopolistic competition.
  b. Monopoly by legal barrier.
  c. Natural monopoly.
  d. Contrived monopoly.

Question 2

Assume the total utilities corresponding to the first four units of a product consumed are 8, 12, 14, 15, respectively. The marginal utility of the third unit consumed is:
 a. 2.
  b. 14.
  c. 3
  d. 34.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

parshano

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


P68T

  • Member
  • Posts: 509
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

Viet Thy

  • Member
  • Posts: 329
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Long-tailed Widowbird Long-tailed Widowbird
Functional MRI Scans These scans of human brains show localized average increases in neural activity Functional MRI Scans These scans of human brains show localized average increases in neural activity
Uncover the back down to the waist. Stand at the head to apply lubricant to the back using long ... Uncover the back down to the waist. Stand at the head to apply lubricant to the back using long ...
How to find the average value of a function How to find the average value of a function
Human activity has released carbon from sequestration in long-term reservoirs Human activity has released carbon from sequestration in long-term reservoirs
Average Global Temperatures Average Global Temperatures
Video: Chemical Messengers Animation

For a complete list of videos, visit our video library