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Author Question: If a monopolist could sell 5 units at 6 and 6 units at 5: a. marginal revenue for the 6th unit is ... (Read 96 times)

newbem

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on: Jun 30, 2018
If a monopolist could sell 5 units at 6 and 6 units at 5:
 a. marginal revenue for the 6th unit is 5.
 b. marginal revenue for the 6th unit is zero.
 c. demand is unit elastic over that range of prices.
  d. both (b) and (c) are true.

Question 2

Protection is rarely withdrawn from infant industries because such firms are necessary to ensure creation of domestic jobs.
 a. True
  b. False
  Indicate whether the statement is true or false


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Hdosisshsbshs

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

False


newbem

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

olderstudent

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Reply 3 on: Yesterday
Excellent

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