Author Question: As a monopolist expands its output: A) the difference between the demand curve and the marginal ... (Read 70 times)

s.tung · **on:** Jun 29, 2018

As a monopolist expands its output:

A) the difference between the demand curve and the marginal revenue curve decreases.
B) the difference between the demand curve and the marginal revenue curve increases.
C) the slope of the demand curve decreases, while the slope of the marginal revenue curve increases.
D) the slope of the demand curve increases, while the slope of the marginal revenue curve decreases.

Question 2

In the above figure, the relationship between x and y is

A) positive, with slope decreasing as x increases.
B) negative, with slope decreasing as x increases.
C) negative, with slope increasing as x increases.
D) positive, with slope increasing as x increases.