For a perfect competitor, marginal revenue equals

A) the slope of the demand curve.
B) average revenue divided by price.
C) price divided by average revenue.
D) the market price.

Answer: D

Economics

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Which of the following is a checkable and debitable account?

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If Juana contracts to buy U.S. office equipment in U.S. dollars and her domestic currency depreciates against the U.S

dollar between the time the contract is signed and the bill is paid, she will wind up paying less for the equipment because she stayed in the spot market. Indicate whether the statement is true or false

Economics