In the figure above, the total revenue of a perfectly ...

[jayhills49]

In the figure above, the total revenue of a perfectly price-discriminating monopolist at the profit-maximizing output is equal to the area of
 
  A) 0aij.
  B) 0dgh.
  C) aci.
  D) obeij.

Question 2

When a firm experiences economies of scale, its ________ cost curve slopes ________ as output increases.
 
  A) long-run average; downward
  B) short-run average total; downward
  C) short-run marginal cost; downward
  D) long-run average; upward

[heinisk01]

Answer to Question 1

A

Answer to Question 2

A

[jayhills49]

Gracias!

[Dominic]

Thanks for the timely response, appreciate it