________ on an indifference curve that is farther from the origin ________ on an indifference curve that is closer to the origin
A) Some combinations; are preferred to some combinations
B) Any combination; is preferred to any combination
C) Most combinations; are preferred to all combinations
D) Combinations; are not as affordable as combinations
B
Economics
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If the inverse demand curve a monopoly faces is p = 100 - 2Q, and MC is constant at 16, then the deadweight loss from monopoly equals
A) $21. B) $441. C) $882. D) $1,764.
Economics
A monopoly will NOT be able to perfectly price discriminate if
A) each consumer does not reveal her reservation price. B) demand is very elastic. C) the firm's marginal cost curve is upward sloping. D) All of the above.
Economics