« previous next »

Author Question: The monopolist's demand curve is: a. identical to the market demand curve. b. identical to the ... (Read 88 times)

NguyenJ

  • Hero Member
  • *****
  • Posts: 516
on: Jun 30, 2018
The monopolist's demand curve is:
 a. identical to the market demand curve.
  b. identical to the marginal revenue curve.
  c. below the marginal revenue curve.
  d. a horizontal line at the market price.
  e. a U-shaped curve.

Question 2

Assume the total utilities corresponding to the first four units of a product consumed are 8, 12, 14, and 15, respectively. The marginal utility of the second unit consumed is:
 a. 0.
  b. 4.
  c. 12.
  d. 20.


firehawk60

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

NguyenJ

  • Hero Member
  • *****
  • Posts: 516
Reply #2 on: Jun 30, 2018
Thank you :)


firehawk60

  • Sr. Member
  • ****
  • Posts: 315
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

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?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Many types of edible fungi are grown for the market. Many types of edible fungi are grown for the market.
DNA molecules replicate to form identical chromatids DNA molecules replicate to form identical chromatids
DNA molecules replicate to form identical chromatids DNA molecules replicate to form identical chromatids
Four Arch Curve Four Arch Curve
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Cut the figure into two identical parts Cut the figure into two identical parts
Video: Cataract

For a complete list of videos, visit our video library