Graphically which of the following is true for a monopoly?
a. The marginal revenue curve lies below the demand curve and is steeper than the demand curve.
b. The marginal revenue curve lies above the demand curve and is steeper than the demand curve.
c. The marginal revenue curve lies below the demand curve and is flatter than the demand curve.
d. The marginal revenue curve lies above the demand curve and is flatter than the demand curve.
a
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In 2013, new bond issues and other forms of debt totaled ____ in corporate financing
a. $650 billion b. $783 tillion c. $1 trillion d. ?$2 billion
Which of the following statements explains increasing returns to scale? a. A larger firm can produce at a higher average total cost than a smaller firm. b. A larger firm can produce at a lower average total cost than a smaller firm
c. A larger corporation has lower opportunity costs than a smaller corporation. d. The cost of production for each unit of good in a small firm always increases as output increases.