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Author Question: If a monopolist must lower the price on all units in order to sell an additional unit, a. it is ... (Read 117 times)

KWilfred

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on: Jun 30, 2018
If a monopolist must lower the price on all units in order to sell an additional unit,
 a. it is impossible for the monopolist to maximize profit
  b. the monopolist will always lose profit when it increases quantity
  c. the monopolist will always lose revenue when it increases quantity
  d. price will always be greater than marginal revenue
  e. price will always be less than marginal revenue

Question 2

Compared to the pay increase from just a third year of college, the actual pay increase resulting from a fourth year that results in graduation is
 a. several times smaller
  b. the same
  c. only very slightly greater
  d. several times greater
  e. No economist has ever studied this issue


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sarahccccc

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

D


KWilfred

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  • Posts: 570
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

kishoreddi

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

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