For a monopolist,
a. marginal revenue and price are constant as quantity increases
b. marginal revenue falls but price is constant as quantity increases
c. marginal revenue is constant but price falls as quantity increases
d. both marginal revenue and price fall as quantity increases, but price falls faster
e. both marginal revenue and price fall as quantity increases, but marginal revenue falls faster
E
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Dana wants to try working as an independent contractor this summer. She has a 50 percent chance that she will make $10,000 and 50 percent chance that she will make nothing. What's Dana's expected income from taking this job?
A) $10,000 B) $7,000 C) $5,000 D) zero
Fiscal policy is:
A. government decisions about the level of taxation and public spending. B. congressional budget office decisions. C. the decisions that affect the available money supply in the economy. D. government decisions about the level of the interest rate in the economy.