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Author Question: A profit-maximizing monopolist never produces along the __________ portion of the demand curve ... (Read 104 times)

natalie2426

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on: Jun 30, 2018
A profit-maximizing monopolist never produces along the __________ portion of the demand curve because marginal revenue is __________ there.
 a. elastic; positive
  b. elastic; negative
  c. inelastic; negative
  d. inelastic; positive
  e. inelastic; zero

Question 2

If a firm can double inputs and, thereby, more than double output over the range of output the market demands, it is said to be experiencing
 a. decreasing minimum efficient scale
  b. increasing returns to scale
  c. constant returns to scale
  d. decreasing returns to scale
  e. increasing long run average cost


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cdmart10

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


natalie2426

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

jordangronback

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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