This topic contains a solution. Click here to go to the answer

Author Question: A firm facing a downward-sloping demand curve sells 50 units of output at 10 each. The firm's ... (Read 80 times)

xclash

  • Hero Member
  • *****
  • Posts: 681
A firm facing a downward-sloping demand curve sells 50 units of output at 10 each. The firm's marginal revenue is
 a. 500
  b. more than 10 but less than 500
  c. 10
  d. less than 10
  e. zero

Question 2

A natural monopoly, such as the local telephone company, is characterized by
 a. a lack of natural competitors
  b. low fixed costs and diseconomies of scale
  c. economies of scale
  d. a lack of government regulation
  e. constant costs of production



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cupcake16

  • Sr. Member
  • ****
  • Posts: 309
Answer to Question 1

D

Answer to Question 2

C




xclash

  • Member
  • Posts: 681
Reply 2 on: Jun 30, 2018
Excellent


nguyenhoanhat

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

For a complete list of videos, visit our video library