5. Price (Demand) exceeds marginal revenue for the pure monopolist because: a. A. the law of diminishing returns doesn't apply b. B. the demand curve lies below the marginal revenue curve c. C. the monopolist produces a smaller output than would a purely competitive firm d. D. the demand curve is inelastic e. E. to sell more the monopolist must lower its price

Dakota products has a production budget as follows: may, 16,000 units; june, 19,000 units; and july, 24,000 units. each unit requires 3 pounds of raw material and 2 direct labor hours. dakota desires to keep an inventory of 10% of the next month’s requirements on hand. on may, 1 there were 4,800 pounds of raw material in inventory. direct labor hours required in may would be: