For a seller who is a price taker, marginal revenue is always
A) less than marginal cost.
B) more than marginal cost.
C) the same as marginal cost.
D) less than price.
E) the same as price.
E
Economics
You might also like to view...
A temporary embargo on oil from the Middle East going in to the United States would
A) shift both the short-run and long-run aggregate supply curves to the left. B) shift only the short-run aggregate supply curve to the left. C) shift the long-run aggregate supply curve to the right. D) shift only the long-run aggregate supply curve to the left.
Economics
An economic model includes
A) only normative statements. B) no use of marginal concepts. C) all known details in order to increase its accuracy. D) only details considered essential.
Economics