In the case of a linear demand curve, average revenue is equal to price, while (with the exception of Q = 1 ) marginal revenue is less than price

The optimal degree of abstraction depends on the objective of the analysis

a. True b. False Indicate whether the statement is true or false

An example of human capital would be:

A. your writing skills. B. your desk. C. your computer. D. None of these is an example of human capital.