This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is true for a pure monopolist? a. The firm has a perfectly elastic demand ... (Read 52 times)

mynx

  • Hero Member
  • *****
  • Posts: 555
on: Jun 30, 2018
Which of the following is true for a pure monopolist?
 a. The firm has a perfectly elastic demand curve.
  b. The firm will always earn an economic profit.
  c. The demand curve is above the marginal revenue curve.
  d. None of these is true.

Question 2

According to the law of diminishing marginal utility, the marginal utility curve is ____.
 a. vertical
  b. flat.
  c. upward sloping.
  d. downward sloping.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tkempin

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


mynx

  • Member
  • Posts: 555
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

chjcharjto14

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

True-color view of Mars seen through NASA's Hubble Space Telescope in 1999 True-color view of Mars seen through NASA's Hubble Space Telescope in 1999
Myocardial Oxygen supply and demand Myocardial Oxygen supply and demand
The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage
Firm handshake Firm handshake
Anterosuperior view of true pelvis (blue) Anterosuperior view of true pelvis (blue)
The original Supply and Demand graph The original Supply and Demand graph
Video: Dendrite Animation

For a complete list of videos, visit our video library