--%>

Increase total revenue at a diminishing rate

When a monopolist increases output along with elastic demand, then total revenue: (w) increases at a constant rate. (x) increases at an increasing rate. (y) increases at a diminishing rate. (z) All of the above are possible.

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

   Related Questions in Microeconomics

  • Q : Normative objectives for microeconomic

    Extensively accepted normative objectives for microeconomic comprise: (1) full employment and balanced economic development. (2) a stable price level and maximum purchasing power. (3) efficiency, equity and freedom. (4) job security and equality within the distributio

  • Q : Increase in Income Tax Progressivity

    When this figure demonstrated Lorenz curves for distribution of income after taxes and transfers, in that case it is UNTRUE of the Lorenz curves demonstrated in this demonstrated figure that: (1) line 0E0' represents a Lorenz curve of

  • Q : Techniques of how to produce Techniques

    Techniques of how to produce?: Broadly, there are two main methods of production. (i) Labour intensive Technique: Under this method, production depends mostly on the

  • Q : Define aggregate supply Define

    Define aggregate supply: Aggregate supply is the money value of net or total supply of services and goods available for purchase by an economy throughout a given period.

  • Q : Transfer payments and progressive tax

    Transfer payments and progressive tax policies are being determinate to: (w) reduce disparities in the distributions of income and wealth. (x) shift the Lorenz curve toward a position of less income equality. (y) have no net effect on income equality

  • Q : Generating utility through production I

    I have a problem in economics on Generating utility through production. Please help me in the following question. The production generates utility by making a good more precious in: (1) Possession. (2) Time. (3) Form. (4) Place. (5) All the above.

    Q : Problem on Advocacy of maximizing

    Advocacy of maximizing happiness for huge number of people is a hallmark for: (a) Monarchy. (b) Laissez faire capitalism.  (c) Utilitarianism. (d) Communism. (e) Democratic socialism. Find out the right answer from the above options.

  • Q : Demand and supply problem Assume that

    Assume that the demand for jeans rises. At similar time, since of an increase in price of cotton, the supply of jeans reduces. How will it influence the price and amount sold of jeans?

    Q : Possible elasticity of brain power of TV

    When doubling your viewing of soap operas to sixteen hours per week causes your IQ score to reduce from a genius level of 140 to a sluggish 70, your TV elasticity of brain power is possibly: (i) -1.0. (ii) +1.0. (iii) -2.0. (iv) 2.0. (v) -0.5.

    Q : Boycotts relating problem People who

    People who decline to buy the products of a firm whose activities they disapprove, especially whenever such rejection is intended to support the employees who are on strike, and who advise others to not purchase such products, or to not deal with these firms, are enga