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

Author Question: As a monopolist increases the quantity of output produced, what happens to price (P) and marginal ... (Read 83 times)

ap345

  • Hero Member
  • *****
  • Posts: 537
on: Jun 30, 2018
As a monopolist increases the quantity of output produced, what happens to price (P) and marginal revenue (MR)?
 a. both P and MR remain constant
  b. P is constant, but MR decreases
  c. P decreases, but MR is constant
  d. both P and MR decrease, but P falls faster than MR
  e. both P and MR decrease, but MR falls faster than P

Question 2

Which of the following does not increase a McDonald's franchisee's financial stake in the success of the operation?
 a. Successful owners may get additional restaurants
  b. The franchise is valid for 20 years and renewable after that
  c. The franchisee can safely ignore the company's standards of quality, pricing, cleanliness, hours of operation, and so on
  d. The franchisee must make highly specific investments of money and time
  e. The franchisee must have non-borrowed personal resources of at least 200,000 in cash


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

stillxalice

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

C


ap345

  • Member
  • Posts: 537
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

6ana001

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Mendel's breeding program that produced a 9 : 3 : 3 : 1 ratio Mendel's breeding program that produced a 9 : 3 : 3 : 1 ratio
The first commercially successful typewriter, manufactured in quantity beginning in 1874, surely fue The first commercially successful typewriter, manufactured in quantity beginning in 1874, surely fue
The major cortical input and output pathways of the posterior parietal association cortex. Shown are ... The major cortical input and output pathways of the posterior parietal association cortex. Shown are ...
DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ... DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ...
Effect of an Increase in gA,2 on Productivity and Output Effect of an Increase in gA,2 on Productivity and Output
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
Video: Bone Healing Animation

For a complete list of videos, visit our video library