The average cost curve for a natural monopoly is downward sloping where it intersects the market ...

Author Question: The average cost curve for a natural monopoly is downward sloping where it intersects the market ... (Read 179 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

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?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.