Graphically, the marginal revenue curve of a monopolist: a. lies ...

[HCHenry]

Graphically, the marginal revenue curve of a monopolist:
 a. lies below the demand curve of a monopolist.
 b. is the same as the demand curve of a monopolist.
 c. lies above the demand curve of a monopolist.
 d. is the same as the marginal cost curve of a monopolist.

Question 2

A manufacturer of towels finds that his returns to scale are constant. Which of the following conclusions can be drawn?
 a. The long-run total cost curve is horizontal.
  b. The long-run average cost curve is horizontal.
  c. The long-run total cost curve is downward sloping.
  d. The long-run average cost curve is downward sloping.

[raenoj]

Answer to Question 1

a

Answer to Question 2

B

[HCHenry]

Great answer, keep it coming

[bulacsom]

Thanks for the timely response, appreciate it