If a firm in a perfectly competitive market faces an equilibrium price of $5, its marginal revenue
A) will be greater than $5.
B) will be less than $5.
C) maybe either greater or less than $5.
D) will also be $5.
E) will be any amount but $5.
D
Economics
You might also like to view...
An increase in the amount of human capital labor ________ the short -run aggregate supply curve and ________ the long-run aggregate supply curve.
What will be an ideal response?
Economics
Assume the total product of two workers is 80 and the total product of three workers is 90. The average product of three workers is ________, and the marginal product of the third worker is ________.
A. 160; 270 B. 30; 10 C. 10; 13.33 D. 10; 45
Economics