« previous next »

Author Question: The monopolist faces: a. a perfectly inelastic demand curve. b. a perfectly elastic demand curve. ... (Read 76 times)

2125004343

  • Hero Member
  • *****
  • Posts: 566
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

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

The titration curve of phosphoric acid (H3PO4), a common buffer in biological sy The titration curve of phosphoric acid (H3PO4), a common buffer in biological sy
The Elastic Rebound Theory The Elastic Rebound Theory
Bell Curve for Intelligence IQ scores for a population-based sample usually fall into this kind of Bell Curve for Intelligence IQ scores for a population-based sample usually fall into this kind of
A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ... A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ...
Elastic Rebound Elastic Rebound
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Ultrasound of a Fetus (Sonogram)

For a complete list of videos, visit our video library