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Author Question: At the point where the marginal revenue equals zero for a monopolist facing a straight-line demand ... (Read 12 times)

Anajune7

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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


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lkanara2

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

b

Answer to Question 2

a


Anajune7

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Reply 2 on: Jun 30, 2018
Excellent

Joy Chen

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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