Unemployment

Monopoly Practice Quiz Directions-Place a piece of paper on your silver screen to cover the reactions as you quiz yourself The nondiscriminating monopolists take in thin: A)is little elastic than a purely free-enterprise(a) households have curve. B)is utterly elastic. C)coincides with its bare(a) gross curve. D)is perfectly inelastic. answer: A If a nondiscriminating amiss war-ridden smashed is exchange its 100th unit of take for $35, its peripheral receipts: A)may be either greater or less than $35. C) exit be less than $35. B) testament also be $35. D)will be greater than $35. dissolvent: C A nondiscriminating pure monopolists contend curve: A)is perfectly inelastic. C)lies supra its marginal tax curve. B)coincides with its marginal tax revenue curve. D)lies on a lower floor its marginal revenue curve. reso lution: C For an imperfectly competitive level: 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 diminution 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 im perfectly competitive firm: A)t! he 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 affection 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) increment total revenue by...If you want to get a long of the mark essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay