This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Sellers who lower their prices and consequently sell a larger quantity earn more A) gross (or ... (Read 105 times)

jerry coleman

  • Hero Member
  • *****
  • Posts: 570
on: Jun 29, 2018
Sellers who lower their prices and consequently sell a larger quantity earn more
 
  A) gross (or total) revenue as a result.
  B) gross revenue only if the demand is elastic.
  C) net and gross revenue if the demand is inelastic.
  D) net revenue (revenue minus cost) as a result.

Question 2

The total revenue curve of a monopolist is at its maximum point when:
 
  A) marginal cost is zero.
  B) marginal cost is positive.
  C) marginal revenue is zero.
  D) marginal revenue is positive.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Anonymous

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


jerry coleman

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Jun 29, 2018
Thank you :)


Anonymous

  • Sr. Member
  • ****
  • Posts: 317
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Gasoline prices Gasoline prices
Sunlight on Mars is dimmer than on Earth. This photo of a Martian sunset was imaged by Mars Pathfind Sunlight on Mars is dimmer than on Earth. This photo of a Martian sunset was imaged by Mars Pathfind
Compared with modern humans, Homo erectus has a larger face, lacks a chin and canine fossa, and has Compared with modern humans, Homo erectus has a larger face, lacks a chin and canine fossa, and has
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it. In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Reconnect the lower and upper back with horizontal stroking from lower back to shoulders. Keep flat, ... Reconnect the lower and upper back with horizontal stroking from lower back to shoulders. Keep flat, ...
Muscles of the posterior lower leg. Muscles of the posterior lower leg.
Video: Coronary Heart Disease Animation

For a complete list of videos, visit our video library