This topic contains a solution. Click here to go to the answer

Author Question: A monopolist can sell 7 units per day at 7 per unit, or 8 units per day at 6 per unit. Its marginal ... (Read 218 times)

oliviahorn72

  • Hero Member
  • *****
  • Posts: 579
A monopolist can sell 7 units per day at 7 per unit, or 8 units per day at 6 per unit. Its marginal revenue for the eighth unit of output is:
 a. 48.
  b. 6.
 c. 1.
 d. -1.

Question 2

The rationale behind patents is that if inventors and artists cannot secure the returns from successful projects, fewer new inventions and works of art will be produced
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

frankwu0507

  • Sr. Member
  • ****
  • Posts: 322
Answer to Question 1

d

Answer to Question 2

T




oliviahorn72

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


carlsona147

  • Member
  • Posts: 341
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

For a complete list of videos, visit our video library