« previous next »

Author Question: What is the relationship between price elasticity of demand and the monopolist's revenue? a. ... (Read 37 times)

dmcintosh

  • Hero Member
  • *****
  • Posts: 517
on: Jun 30, 2018
What is the relationship between price elasticity of demand and the monopolist's revenue?
 a. marginal revenue is maximized where demand is unit elastic.
  b. average revenue is maximized where demand is unit elastic.
  c. marginal revenue is negative where demand is inelastic.
  d. average revenue is negative where demand is inelastic.
  e. marginal revenue is lowest where demand is unit elastic.

Question 2

A natural monopoly exists when, throughout the range of market demand,
 a. average cost is increasing
  b. there are diseconomies of scale
  c. average cost is decreasing
  d. average cost is constant
  e. marginal cost exceeds average cost


stanleka1

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Relationship between body size and seed size in Galapagos finch species Relationship between body size and seed size in Galapagos finch species
Relationship of the 12 cranial nerves to specific regions of the brain. Relationship of the 12 cranial nerves to specific regions of the brain.
Relationship between the pancreas and the digestive system. Relationship between the pancreas and the digestive system.
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
The relationship between the permissible exposure limit (PEL), the short-term exposure limit (STEL), ... The relationship between the permissible exposure limit (PEL), the short-term exposure limit (STEL), ...
Relationship between Income per Capita and Population Growth Relationship between Income per Capita and Population Growth
Video: Glucagon (glycogenolysis and gluconeogenesis)

For a complete list of videos, visit our video library