A single-price monopoly's demand curve lies A) below its ...

[james0929]

A single-price monopoly's demand curve lies
 
  A) below its marginal revenue curve.
  B) on top of its marginal revenue curve.
  C) above its marginal revenue curve.
  D) on top of its total revenue curve.

Question 2

Which of the following statements regarding the marginal product curve is FALSE?
 
  A) Increasing marginal returns occur only when the total product increases as the number of workers increases.
  B) Increasing marginal returns is due to greater efficiency from specialization in the production process.
  C) The law of diminishing returns applies in the short run.
  D) Along the marginal product curve, increasing marginal returns occur first and then diminishing marginal returns.

[sierrahalpin]

Answer to Question 1

C

Answer to Question 2

A

[james0929]

Thanks for the timely response, appreciate it

[kjohnson]

Gracias!