At any point where a monopolist's marginal revenue is positive, the downward-sloping straight-line demand curve is:
a. perfectly elastic.
b. elastic, but not perfectly elastic.
c. unit elastic.
d. inelastic.
b
Economics
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Use the following market data to answer the question below.Price per UnitQuantity Purchased by ConsumerQuantity Sold by Producer$52,0000101,800300151,600600201,400900251,2001,200301,0001,500In the market shown in the table, the marginal benefit of 1,200th unit is
A. $25. B. $10. C. $20. D. $15.
Economics
Net exports are
A. exports minus debt. B. exports minus imports. C. exports minus marginal product. D. exports divided by population.
Economics