« previous next »

Author Question: The average cost curve for a natural monopoly is downward sloping where it intersects the market ... (Read 193 times)

j.rubin

  • Hero Member
  • *****
  • Posts: 557
on: Jun 30, 2018
The average cost curve for a natural monopoly is downward sloping where it intersects the market demand curve.
 a. True
  b. False

Question 2

Average revenue for a perfectly competitive firm is equal to
 a. price times output
  b. marginal revenue
  c. total revenue/marginal revenue
  d. output/total revenue
  e. zero


karlss

  • Sr. Member
  • ****
  • Posts: 321
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

j.rubin

  • Hero Member
  • *****
  • Posts: 557
Reply #2 on: Jun 30, 2018
Thank you :)


karlss

  • Sr. Member
  • ****
  • Posts: 321
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

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.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

When a Tornado Strikes: Social Organization Following a Natural Disaster When a Tornado Strikes: Social Organization Following a Natural Disaster
Natural Settings Natural Settings
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
IQ scores form what mathematicians call a normal distribution "bell curve" IQ scores form what mathematicians call a normal distribution "bell curve"
Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011 Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011
Typical bacterial population growth curve showing the initial lag phase Typical bacterial population growth curve showing the initial lag phase
Video: Pores and Ion Channels

For a complete list of videos, visit our video library