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Author Question: A monopolist always faces a demand curve that is: a. perfectly inelastic. b. perfectly elastic. ... (Read 118 times)

Deast7027

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on: Jun 30, 2018
A monopolist always faces a demand curve that is:
 a. perfectly inelastic.
  b. perfectly elastic.
  c. unit elastic.
  d. the same as the entire market demand curve.

Question 2

Suppose the law of diminishing marginal utility holds for coffee. As a person drinks more coffee during the day, the total utility he or she receives will:
 a. increase faster and faster.
  b. fall steadily.
  c. remain constant.
  d. rise, but at slower and slower rates.


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xiazhe

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

d

Answer to Question 2

d


Deast7027

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Reply #2 on: Jun 30, 2018
Thank you :)


xiazhe

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Reply #3 on: Jun 30, 2018
Happy to help you


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