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Author Question: The monopolist faces: a. a perfectly inelastic demand curve. b. a perfectly elastic demand curve. ... (Read 50 times)

2125004343

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on: Jun 30, 2018
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

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

c

Answer to Question 2

d


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