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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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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Protection is rarely withdrawn from infant industries because such firms are necessary to ensure creation of domestic jobs.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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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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