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

Author Question: If a demand curve shifts to the left, then A) quantity demanded has increased. B) demand has ... (Read 77 times)

big1devin

  • Hero Member
  • *****
  • Posts: 583
on: Jun 29, 2018
If a demand curve shifts to the left, then
 
  A) quantity demanded has increased. B) demand has increased.
  C) quantity demanded has decreased. D) demand has decreased.

Question 2

Why is marginal revenue less than price for a monopolist?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kjones0604

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

To a monopolist, marginal revenue is less than price because to raise output one unit and be able to sell that one unit, the firm must lower the price it charges to all buyers.


big1devin

  • Member
  • Posts: 583
Reply 2 on: Jun 29, 2018
Excellent

pratush dev

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

(a) Longevity decreases with increased horn-length breeding value of harvested rams. (b) Mean-weight (a) Longevity decreases with increased horn-length breeding value of harvested rams. (b) Mean-weight
Effleurage with loose fist to left side of neck. Turn the head slightly to the right side, exposing ... Effleurage with loose fist to left side of neck. Turn the head slightly to the right side, exposing ...
Tummy rock. Standing on the recipient’s right side, rest your left hand on the forehead and your ... Tummy rock. Standing on the recipient’s right side, rest your left hand on the forehead and your ...
The growth in demand for energy use is met by burning fossil fuels The growth in demand for energy use is met by burning fossil fuels
A 600-kg car is going around a curve with a radius of 120 m that is banked at an angle of 20° ... A 600-kg car is going around a curve with a radius of 120 m that is banked at an angle of 20° ...
Hen feathering (left) and cock feathering (right) in domestic fowl Hen feathering (left) and cock feathering (right) in domestic fowl
Video: Hormonal regulation of pregnancy - week 1

For a complete list of videos, visit our video library