If the compensated (Hicks) and Marshall demand curves for a good ...

[skymedlock]

If the compensated (Hicks) and Marshall demand curves for a good intersect, at that point the Marshall curve will be:
 a. flatter if this is a normal good.
  b. steeper if this is a normal good.
  c. flatter if this is an inferior good.
  d. horizontal.

Question 2

A monopolist faces the following demand curve: P = 12 - .3Q with marginal costs of 3 . What is the monopolistic PRICE?
 a. P = 5.50
  b. P = 6.50
  c. P = 7.50
  d. P = 8.50
  e. P = 9.50

[brittanywood]

Answer to Question 1

a

Answer to Question 2

c

[skymedlock]

Thanks for the timely response, appreciate it

[nathang24]

TYSM