If a monopolist lowers its price and its demand is inelastic, ...

[anshika]

If a monopolist lowers its price and its demand is inelastic, then its
 
  A) total revenue increases.
  B) total revenue decreases.
  C) total revenue does not change.
  D) total revenue is negative.

Question 2

The change in total revenue that results from employing one more unit of labor is called the
 
  A) wage rate.
  B) value of marginal product of labor.
  C) average revenue.
  D) marginal product of labor.

[izzat]

Answer to Question 1

B

Answer to Question 2

B

[anshika]

Thank you

[izzat]

No problemo