Marginal Revenue and Total Revenue

If a monopolist which does not price discriminate has maximum total revenue as: (1) demand is perfectly price elastic. (2) marginal revenue is positive. (3) demand is relatively inelastic (4) marginal revenue is zero. (5) marginal revenue is negative.

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

View Complete Question

Related Questions in Microeconomics

Q : Characterized purely competitive firm

For a purely competitive firm long run equilibrium is characterized by: (w) P > MR > MC > ATC. (x) P = MR = MC = minimum LRAC. (y) maximum MC - MR. (z) minimum TR + TC. Can anybody suggest me the proper ex

Q : Tourist’s use of natural resources What

What are your views about tourist’s use of natural resources?

Q : Changes in Household Demand The changes

The changes in a household’s tastes most directly influence the families: (1) Number of members. (2) Demands for goods. (3) Total wealth. (4) Income constraint. Can someone please help me in finding out the a

Q : Fixed amount of interest An IOU which

An IOU which pays a fixed amount of interest every year, without a maturity date, that is a: (w) T-bill. (x) fiduciary. (y) Series E bond. (z) perpetuity. I need a good answer on the topic of Economics

Q : Problem regarding Hicks Model of

The time period of union strikes and the equilibrium wage rate at conclusion of the strike are focus at: (i) Dept. of Labor’s Collective Bargaining Arbitration Division. (ii) Collective bargaining model made by Sir John Hicks. (iii) Bilateral monopoly model.(iv)

Q : Relationship between APP-MPP If APP is

If APP is at its maximum, then what is the relationship among MPP and APP? Answer: MPP = APP

Q : Labor Unions-Public Employees I have a

I have a problem in economics on Labor Unions-Public Employees. Please help me in the following question. Workers who are now permitted to join unions however who still might not legally strike comprise: (1) Civilian federal employees. (2) Medical pro

Q : Normal accounting profits I have a

I have a problem in economics on Normal accounting profits. Please help me in the following question. The normal accounting profits are considered by the economists to be: (i) Exploitation of the consumer. (ii) Evidence of monopoly power. (iii) Economic costs of the p

Q : Economic profits for most firms I have

I have a problem in economics on Economic profits for most firms. Please help me in the following question. Economic profits for most of the firms will generally be: (1) The similar as their accounting profits. (2) Bigger than their accounting gains. (3) Less than the

Q : Incurs total costs by profit

This profit-maximizing brickyard as in illustrated figure incurs total costs of approximately: (i) $1200 daily. (ii) $1300 daily. (iii) $1400 daily. (iv) $1530 daily (v) $1600 daily.

Discover Q & A

Leading Solution Library

Avail More Than 1457407 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1939425
Asked

3,689

Active Tutors

1457407

Questions
Answered

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

Submit Assignment