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Author Question: A single-price monopolist will produce the output at which ________. A) marginal revenue equals ... (Read 152 times)

tuffie

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  • Posts: 534
on: Jun 29, 2018
A single-price monopolist will produce the output at which ________.
 
  A) marginal revenue equals marginal cost
  B) demand is perfectly inelastic
  C) marginal revenue is zero
  D) demand is inelastic but not perfectly inelastic

Question 2

In the above figure, the budget line would rotate in the direction indicated as a result of a
 
  A) rise in the price of a book.
  B) fall in the price of a book.
  C) rise in the price of a movie.
  D) decrease in income.


aprice35067

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


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