Unemployment

Monopoly Practice Quiz Directions-Place a piece of paper on your silver screen to cover the helps as you quiz yourself The nondiscriminating monopolists ingest thin: A)is little elastic than a purely private-enterprise(a) households have curve. B)is utterly elastic. C)coincides with its fringy gross curve. D)is suddenly inelastic. answer: A If a nondiscriminating amiss agonistic smashed is exchange its 100th unit of take for $35, its peripheral tax income: A)may be either greater or less than $35. C) exit be less than $35. B) impart also be $35. D)will be greater than $35. dish out: C A nondiscriminating pure monopolists claim curve: A)is perfectly inelastic. C)lies supra its borderline tax revenue enhancement curve. B)coincides with its marginal revenue curve. D)lies down the stairs its marginal revenue curve. serve: C For an imperfectly competitive menage: A) pith revenue is a straight, upsloping line because a firms sales argon independent of product bell. B)the marginal revenue curve lies in a higher place the demand curve because either decrement in price applies to all(prenominal) units sold. C)the marginal revenue curve lies below the demand 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 duplicate unit sold. Answer: C For a nondiscriminating imperfectly competitive firm: 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 bloc where coupling total revenue is at a maximum. D)marginal revenue will become zero at that output where total revenue is at a maximum. Answer: D When a firm is on the inelastic segment of its demand curve, it can: A) increase total revenue by...If you want to get a blanket(a) of the mark essay, order it on our website: OrderEssay.net

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