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Author Question: The total revenue curve of a monopolist: A) is positively sloped when marginal revenue is ... (Read 114 times)

altibaby

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on: Jun 29, 2018
The total revenue curve of a monopolist:
 
  A) is positively sloped when marginal revenue is negative.
  B) is negatively sloped when marginal revenue is negative.
  C) is positively sloped when the marginal revenue curve is upward sloping.
  D) is negatively sloped when the marginal revenue curve is downward sloping.

Question 2

Which of the following statements is true of competitive market equilibrium?
 
  A) The determination of equilibrium price and quantity is independent of the demand for goods.
  B) Social surplus is minimized at the competitive equilibrium.
  C) At the competitive equilibrium, there are no unexploited gains from trade.
  D) A competitive equilibrium is determined only by a few large sellers in the market.


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Sweetkitty24130

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

B

Answer to Question 2

C


altibaby

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Reply #2 on: Jun 29, 2018
Thank you :)


Sweetkitty24130

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Reply #3 on: Jun 29, 2018
Happy to help you


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