« previous next »

Author Question: The demand curve any monopolist uses in making output decisions is: a. the same as the demand curve ... (Read 69 times)

ghost!

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
The demand curve any monopolist uses in making output decisions is:
 a. the same as the demand curve facing a perfectly competitive firm.
  b. vertical, because there are no close substitutes for its product.
  c. horizontal, because there are no close substitutes for its product.
  d. the same as the market demand curve.
  e. perfectly inelastic.

Question 2

If the price of a product rises, consumers buy less of the good because the:
 a. MU/P of the good falls below the MU/P of other goods.
  b. MU/P of the good rises above the MU/P of other goods.
  c. marginal utility of the good diminishes.
  d. total utility of the good diminishes.
  e. marginal utility of the good rises.


macmac

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Model for evidence-based clinical decision making. Model for evidence-based clinical decision making.
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
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
An Environmental Kuznets Curve An Environmental Kuznets Curve
Side view of a jumping spider making a leap Side view of a jumping spider making a leap
Effects of acidosis and alkalosis on the oxyhemoglobin dissociation curve Effects of acidosis and alkalosis on the oxyhemoglobin dissociation curve
Video: Role of the respiratory system - effect of altered ventilation rates

For a complete list of videos, visit our video library