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

Author Question: The demand curve a monopolist faces: a. is more elastic than a perfectly competitive firm's demand ... (Read 119 times)

fbq8i

  • Hero Member
  • *****
  • Posts: 527
on: Jun 30, 2018
The demand curve a monopolist faces:
 a. is more elastic than a perfectly competitive firm's demand curve.
  b. is the market demand curve.
  c. is as elastic as a perfectly competitive firm's demand curve.
  d. is not affected by the prices of complements.
  e. will not shift in response to a change in consumer tastes.

Question 2

The principle of diminishing marginal utility says that:
 a. as more of a good or service is consumed, demand decreases.
  b. as more of a good or service is consumed, the price will rise.
  c. the marginal utility of additional units consumed increases.
  d. an increase in income causes demand to increase.
  e. the marginal utility of additional units consumed decreases.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

blakcmamba

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

e


fbq8i

  • Member
  • Posts: 527
Reply 2 on: Jun 30, 2018
Wow, this really help

scikid

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Faces Faces
The adolescent growth spurt in humans is seen as a “bump” in the height curve and a “spike” in the h The adolescent growth spurt in humans is seen as a “bump” in the height curve and a “spike” in the h
Oxygen-binding curve for myoglobin Oxygen-binding curve for myoglobin
Unregulated populations "J-shaped curve" Unregulated populations "J-shaped curve"
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
Elastic Rebound Elastic Rebound
Video: Pasteur's Experiment

For a complete list of videos, visit our video library