Author Question: The monopolist faces: a. a perfectly inelastic demand curve. b. a perfectly elastic demand curve. ... (Read 137 times)

2125004343

  • Hero Member
  • *****
  • Posts: 566
The monopolist faces:
 a. a perfectly inelastic demand curve.
  b. a perfectly elastic demand curve.
  c. the entire market demand curve.
  d. all of these.

Question 2

The law of diminishing marginal utility exists for the first four units of a good if they have marginal utilities of:
 a. 1, 2, 4, 8.
  b. 8, 4, 1, 2.
  c. 4, 8, 2, 1.
  d. 8, 4, 2, 1.



sokh

  • Sr. Member
  • ****
  • Posts: 357
Answer to Question 1

c

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

The FDA recognizes 118 routes of administration.

For a complete list of videos, visit our video library