« previous next »

Author Question: If a monopolist lowers its price and its demand is inelastic, then its A) total revenue ... (Read 70 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?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
Generally, the total tax burden in the United States is much lower than that of other industrialize Generally, the total tax burden in the United States is much lower than that of other industrialize
The level in the coolant recovery system raises and lowers with engine temperature. The level in the coolant recovery system raises and lowers with engine temperature.
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Total parenteral nutrition through a catheter in the right subclavian Total parenteral nutrition through a catheter in the right subclavian
Video: Lipid absorption - end products & transport mechanism

For a complete list of videos, visit our video library