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

Author Question: Graphically, the marginal revenue curve of a monopolist: a. lies below the demand curve of a ... (Read 65 times)

HCHenry

  • Hero Member
  • *****
  • Posts: 591
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

raenoj

  • Sr. Member
  • ****
  • Posts: 340
Answer to Question 1

a

Answer to Question 2

B




HCHenry

  • Member
  • Posts: 591
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


hramirez205

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

For a complete list of videos, visit our video library