« previous next »

Author Question: If a monopolist lowers its price and its demand is inelastic, then its A) total revenue ... (Read 103 times)

anshika

  • Hero Member
  • *****
  • Posts: 510
on: Jun 29, 2018
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

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

anshika

  • Hero Member
  • *****
  • Posts: 510
Reply #2 on: Jun 29, 2018
Thank you


izzat

  • Sr. Member
  • ****
  • Posts: 328
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
The growing demand for electrical power, carbon sequestration and storage must be a priority The growing demand for electrical power, carbon sequestration and storage must be a priority
Income per Capita versus Total Fertility Rate Income per Capita versus Total Fertility Rate
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Carbohydrate digestion - mouth and stomach & pancreas and small intestine

For a complete list of videos, visit our video library