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 116 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?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Rule of Nines. A method for determining percentage of body burned. Each different colored section re Rule of Nines. A method for determining percentage of body burned. Each different colored section re
A sigmoid (cooperative) binding curve A sigmoid (cooperative) binding curve
The crania, and especially the faces of KNM-ER 1813 and 1470, differ enough that some scientists inc The crania, and especially the faces of KNM-ER 1813 and 1470, differ enough that some scientists inc
Drug A is more potent than Drugs B and C. Drugs A and C have equal efficacy because both drugs have ... Drug A is more potent than Drugs B and C. Drugs A and C have equal efficacy because both drugs have ...
Understanding Food Claims Not all label claims are created equal! Understanding Food Claims Not all label claims are created equal!
Bacteria growth curve Bacteria growth curve
Video: Type of Transport - Active and Passive Processes

For a complete list of videos, visit our video library