This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: At the point where the marginal revenue equals zero for a monopolist facing a straight-line demand ... (Read 39 times)

Anajune7

  • Hero Member
  • *****
  • Posts: 574
on: Jun 30, 2018
At the point where the marginal revenue equals zero for a monopolist facing a straight-line demand curve, total revenue is:
 a. greater than 1.
  b. maximum.
  c. less than 1.
  d. equal to zero.

Question 2

The demand curve is downward-sloping because of the law of ____.
 a. diminishing marginal utility
  b. diminishing consumer equilibrium
  c. consumer equilibrium
  d. diminishing utility maximization


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lkanara2

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

a


Anajune7

  • Member
  • Posts: 574
Reply 2 on: Jun 30, 2018
:D TYSM

cassie_ragen

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

A, A nurse is adding a medication to an IV line as a piggyback A, A nurse is adding a medication to an IV line as a piggyback
The frontal lobe (green) bounded by the Sylvian fissure (yellow line) and central sulcus (red line), The frontal lobe (green) bounded by the Sylvian fissure (yellow line) and central sulcus (red line),
Surgical needle shapes: (A) taper point; (B) cutting point. Surgical needle shapes: (A) taper point; (B) cutting point.
A new drug development time line with the four phases of drug approval. A new drug development time line with the four phases of drug approval.
Facing the table, place one hand on the thigh and the other on the lower leg. Gently rock the leg ... Facing the table, place one hand on the thigh and the other on the lower leg. Gently rock the leg ...
Set-Point Theory Set-Point Theory
Video: Regulation of GFR: autoregulation via tubuloglomerular feedback, neural & hormonal regulation

For a complete list of videos, visit our video library