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

Author Question: A monopolist faces a downward sloping demand curve that is equal to which of the following? a. The ... (Read 101 times)

Wadzanai

  • Hero Member
  • *****
  • Posts: 528
on: Jun 30, 2018
A monopolist faces a downward sloping demand curve that is equal to which of the following?
 a. The prevailing market price.
  b. The market demand curve.
  c. Its marginal cost curve.
  d. Marginal revenue.

Question 2

As consumption of a good increases, the extra satisfaction received from consuming an additional unit of the good decreases. This statement is known as the law of:
 a. demand.
  b. increasing costs.
  c. diminishing marginal utility.
  d. diminishing marginal returns.
  e. total utility.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

amy.lauersdorf90

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


Wadzanai

  • Hero Member
  • *****
  • Posts: 528
Reply #2 on: Jun 30, 2018
Correct answers!


amy.lauersdorf90

  • Sr. Member
  • ****
  • Posts: 327
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Survivorship curve for the North American beaver. Survivorship curve for the North American beaver.
The oxygen isotope curve illustrates the ratio between 16O and 18O. The oxygen isotope curve illustrates the ratio between 16O and 18O.
An upward-sloping spark line usually indicates a mechanical engine problem or a lean air–fuel ... An upward-sloping spark line usually indicates a mechanical engine problem or a lean air–fuel ...
A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ... A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ...
Understanding Food Claims Not all label claims are created equal! Understanding Food Claims Not all label claims are created equal!
3D Faces 3D Faces
Video: Brain Anatomy Animation (Part 2 of 2)

For a complete list of videos, visit our video library