--%>

Generate additional unit of output

Assume that a firm has some market power but cannot price discriminate. The change in total revenue while the firm generates an additional unit of output is: (i) a downward-sloping curve below the demand curve. (ii) zero when demand is price elastic. (iii) a downward-sloping curve above the demand curve. (iv) similar as for a perfectly competitive firm. (v) a horizontal line.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

   Related Questions in Microeconomics

  • Q : Example of Industrial Unions Can

    Can someone please help me in finding out the accurate answer from the following question. The United Auto Workers (or UAW) is an illustration of the: (1) Industrial union. (2) Company union. (3) Mechanical union. (4) Craft union.

  • Q : Purely competitive firms in increasing

    When purely competitive firms operate within increasing cost industries, several: (1) individual firms’ supply curves should be horizontal. (2) firms should experience decreasing returns to scale at low output levels. (3) specia

  • Q : More willing to hold less cash and more

    When households become more willing to hold less cash and more stocks or bonds, in that case the: (1) level of Aggregate Demand increases. (2) present value of future income falls. (3) interest rate falls. (4) stock market will crash.

  • Q : Profits and losses in long run In the

    In the long run: (i) purely competitive firms make zero economic profits. (ii) monopolistically competitive firms make zero economic profits. (iii) effective barriers to entry may permit economic profits. (iv) oligopolists and monopolists may realize

  • Q : State excess demand or inflationary gap

    State excess demand or inflationary gap: Excess demand takes place whenever AD is bigger than AS at the level of full employment equilibrium.

  • Q : Problem related to Sellers markets

    Seller’s markets frequently exist when: (i) There are extensive surpluses. (ii) Prices are increasing. (iii) The government enforces price floors. (iv) Inventories are much high. Can someone please help me in finding out the

  • Q : Monopsony power in the labor market The

    The firm with monopsony power in labor market: (1) Can hire any significant amount of labor devoid of affecting the wage. (2) Can pay any wage it wishes. (3) Must pay a higher wage when it hires more labor. (4) Must pay a lower wage when it hires more

  • Q : Differnt types of demand and supply i

    i want to understand different market competitions using graphs and solving some problems

  • Q : Price elasticity of demand coefficient

    A price elasticity of demand coefficient of infinity implies that: (w) the demand curve is horizontal. (x) each 1 percent price hike elicits a 1 percent increase in revenue. (y) total revenue increases proportionally as a firm increases its price. (z)

  • Q : Demand in price inelastic region

    HoloIMAGine will never deliberately generate and sell holographic technology at an output level where is: (w) marginal revenue [MR] is positive. (x) demand is in a price-elastic region. (y) marginal revenue [MR] is falling. (z) demand is in a price-in