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Author Question: If the inverse demand function for a monopoly's product is p = 100 - 2Q, then the firm's marginal ... (Read 40 times)

tnt_battle

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on: Jul 1, 2018
If the inverse demand function for a monopoly's product is p = 100 - 2Q, then the firm's marginal revenue function is
 
  A) -2.
  B) 100 - 4Q.
  C) 200 - 4Q.
  D) 200 - 2Q.

Question 2

Suppose the cost of producing two goods, x and y, can be represented as C = ax + by + cxy. If there are economies of scope, then which of the following must be TRUE?
 
  A) c > 0
  B) a + b = -c
  C) c = 0
  D) c < 0
Microeconomics ¦ Perloff ¦ 8th Edition
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joewallace

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

D


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