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

Author Question: Refer to the table above. Which of the following statements is true of the monopolist's marginal ... (Read 28 times)

bcretired

  • Hero Member
  • *****
  • Posts: 525
on: Jun 29, 2018
Refer to the table above. Which of the following statements is true of the monopolist's marginal revenue?
 
  A) As the monopolist reduces the price of its product from 9 to 3, the marginal revenue decreases.
  B) As the monopolist reduces the price of its product from 9 to 3, the marginal revenue increases.
  C) As the monopolist reduces the price of its product from 9 to 3, the marginal revenue first increases then decreases.
  D) As the monopolist reduces the price of its product from 9 to 3, the marginal revenue first decreases then increases.

Question 2

Refer to the table above. If the market is perfectly competitive, the equilibrium quantity of calculators is:
 
  A) 3 units.
  B) 5 units.
  C) 6 units.
  D) 8 units.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

guyanai

  • Sr. Member
  • ****
  • Posts: 349
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


bcretired

  • Member
  • Posts: 525
Reply 2 on: Jun 29, 2018
Excellent

LegendaryAnswers

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

a) Avoid bending your spine from working with the table too low. b) Avoid hiking your shoulders from ... a) Avoid bending your spine from working with the table too low. b) Avoid hiking your shoulders from ...
Mobilize knuckles with figure-8s. Turn the hand so palm faces the table. Grasp the proximal phalange ... Mobilize knuckles with figure-8s. Turn the hand so palm faces the table. Grasp the proximal phalange ...
Mobilize the rib cage. Redrape to cover the chest, and stand to one side of the table. Place your ... Mobilize the rib cage. Redrape to cover the chest, and stand to one side of the table. Place your ...
ANOVA Table ANOVA Table
Table - Correlation Analysis Table - Correlation Analysis
The periodic table and its creator, Dmitry Mendeleyev. The periodic table and its creator, Dmitry Mendeleyev.
Video: Acids and bases - definition

For a complete list of videos, visit our video library