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Author Question: The Smiling Lizard Company has a monopoly in the sale of iguanas in Florida. When the Smiling Lizard ... (Read 214 times)

crazycityslicker

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on: Apr 19, 2019

Question 1

When the demand curve is a downward sloping straight line, the quantity at which the marginal revenue curve intersects the horizontal (quantity) axis is ________ the quantity at which the demand curve intersects the horizontal (quantity) axis.


◦ equal to
◦ half
◦ twice
◦ four times

Question 2

The Smiling Lizard Company has a monopoly in the sale of iguanas in Florida. When the Smiling Lizard Company sells ten iguanas its marginal revenue is $50. When the Smiling lizard Company sells eleven iguanas its marginal revenue will be


◦ less than $50.
◦ greater than $50.
◦ equal to $50.
◦ greater than $50 if demand is elastic and less than $50 if demand is inelastic.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by crazycityslicker on Apr 19, 2019

Cheesycrackers

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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crazycityslicker

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Reply #2 on: Apr 19, 2019
Excellent


Cheesycrackers

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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