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Author Question: If a monopolist lowers its price and its demand is inelastic, then its A) total revenue ... (Read 87 times)

anshika

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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

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

B

Answer to Question 2

B


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anshika

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Reply #2 on: Jun 29, 2018
Thank you


izzat

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Reply #3 on: Jun 29, 2018
No problemo


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