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Author Question: What is meant by the law of one price? In discussing the law of demand, Hubbard and O'Brien claim ... (Read 88 times)

cartlidgeashley

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on: Jun 29, 2018
What is meant by the law of one price? In discussing the law of demand, Hubbard and O'Brien claim there has been no evidence of an exception to the law (that is, no evidence of an upward-sloping demand curve).
 
  Are there exceptions to the law of one price?

Question 2

If a monopolist's marginal revenue is 35 per unit and its marginal cost is 25, then
 
  A) to maximize profit the firm should decrease output.
  B) to maximize profit the firm should continue to produce the output it is producing.
  C) to maximize profit the firm should increase output.
  D) Not enough information is given to say what the firm should do to maximize profit.
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Bison

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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cartlidgeashley

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

olderstudent

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

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