The town of Marshall's Boy Scout Troop 1099 decreased car parking prices at the Celebrate Marshall Festival and found they made higher profits. This likely occurred because
a. marginal cost was equal to marginal revenue
b. marginal revenue was higher than marginal cost
c. marginal revenue was less than marginal cost
d. demand was inelastic
e. marginal revenue was increasing
B
Economics
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In the above figure, x is
A) positively related to y and negatively related to z. B) positively related to both y and z. C) negatively related to y and positively related to z. D) negatively related to both y and z.
Economics
The supply curve shows
A. the same basic information as the demand curve. B. who will have an opportunity to produce or purchase an item. C. the quantity produced as a function of the price. D. plots of what quantities have been sold over the past few weeks or months.
Economics