hat is the Marginal Revenue of a monopoly if P=a-bQ   a-2bQ   b. a-b   c. 2a-bQ   d. Non

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter13: Monopoly And Antitrust
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What is the Marginal Revenue of a monopoly if P=a-bQ

 

a-2bQ

 

b. a-b

 

c. 2a-bQ

 

d. None

 

What is the Lerner index of a monopoly if the demand is P=3-2Q and the cost curve is CT= 10+Q?

 

a. -0.5

 

b. 1

 

c. 0.5

 

d. None of the above

 

With which of the following concepts is it defined if a product is a substitute for another (that is, if it is part of the same market)?

 

a.Price elasticity of demand

 

b. cross price elasticity of demand

 

c. cross income elasticity of supply

 

d. None of the above

 

 

Solve above all questions for upvote otherwise i will give you downvote .

No proper explanation 

 

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