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?

View Complete Question

Related Questions in Microeconomics

Q : Financial Asset of Annual Income

Perpetuity is a: (w) life insurance policy which matures upon retirement. (x) nondepreciable piece of capital. (y) financial asset which pays its owner an annual income forever. (z) pyramid scheme as a chain letter.

Q : Maximizes total revenue by a monopolist

A monopolist maximizes total revenue through producing where is: (w) marginal revenue = marginal cost [MR = MC]. (x) marginal revenue = 0. (y) demand is elastic. (z) demand is inelastic. How can I solve my

Q : Consumer goods-Durable and nondurable I

I have a problem in economics on Consumer goods-Durable and nondurable. Please help me in the following question. Consumer goods comprise durable and nondurable goods, and: (i) Capital equipment. (ii) House-hold goods. (iii) Services. (iv) Electronic goods.

Q : Illustrations of Micro economic

Give two illustrations of Micro economic variables studies. Answer: a. Individual demand b. Individual savings

Q : Variation in price elasticity as price

The only supply curve which has price elasticity which varies as the price of output increases is within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

Q : Labor Contracts of Check-off Provisions

When a collective bargaining contract comprises a ‘check-off provision’: (1) Union workers can be fired when they don’t meet the production quotas. (2) Firms gather the union dues through deducting them from the paychecks. (3) Workers are needed to d

Q : Differentiate Income and Wealth One

One main difference between income and wealth is which: (w) wealth is inherited, income is earned. (x) income generates wealth, wealth cannot generate income. (y) all income is subject to taxation, most wealth is not. (z) wealth is a stock variable, i

Q : Consequence of successful product

Maggie thinks there are main differences among Crest, Colgate, Aquafresh and Rembrandt toothpastes, and eventually chooses Crest. Therefore her perception is mainly a consequence of: (1) successful product differentiation. (2) monopolistic competition. (3) informative

Q : Profit Maximization-total revenue-total

The entire profit maximizing organization will hire more labor up to the point where: (i) Average physical product of labor equivalents the nominal wage. (ii) Last unit of labor adds uniformly to net revenue and net cost. (iii) Marginal product of the labor is at its

Q : Purely competitive market at

For a purely competitive market at any equilibrium point on the short-run supply curve: (w) all firms have identical marginal costs. (x) economic profit is positive. (y) accounting profit is normal. (z) marginal revenue = average cost.

Discover Q & A

Leading Solution Library

Avail More Than 1423714 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1949549
Asked

3,689

Active Tutors

1423714

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment