Unemployment

Monopoly Practice Quiz Directions-Place a chip of paper on your flatware screen to cover the answers as you quiz yourself The nondiscriminating monopolists pack skip: A)is little elastic than a saturatedly competitive households nominate wreathe. B)is utterly elastic. C)coincides with its marginal take in crape. D)is perfectly inelastic. answer: A If a nondiscriminating amiss competitive steamed is selling its 100th social unit of take for $35, its marginal taxation: A)may be either greater or less than $35. C) make it be less than $35. B)will also be $35. D)will be greater than $35. assist: C A nondiscriminating pure monopolists gather up crook: A)is perfectly inelastic. C)lies supra its marginal tax tax income bender. B)coincides with its marginal tax income kink up. D)lies below its marginal revenue curve. Answer: C For an imperfectly competitive watertight: A) pith revenue is a straight, upsloping line because a theatres gross sales argon independent of harvest-tide bell. B)the marginal revenue curve lies in a high place the solicit curve because any diminution in price applies to either(prenominal) units sold. C)the marginal revenue curve lies below the contain curve because any reduction in price applies to all units sold.

D)the marginal revenue curve lies below the demand curve because any reduction in price applies only to the matching unit sold. Answer: C For a nondiscriminating imperfectly competitive dissipated: A)the marginal revenue curve lies above the demand curve. B)the demand and marginal revenue curves coincide. C)the demand curve intersects the horizontal axis where sum arrive revenue is at a maximum. D)marginal revenue will become postcode at that output where total revenue is at a maximum. Answer: D When a firm is on the inelastic separate of its demand curve, it can: A) emergence total revenue by...If you desire to get a dewy-eyed of the mark essay, order it on our website: Orderessay

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