The total revenue curve of a monopolist:
A) is positively sloped when marginal revenue is negative.
B) is negatively sloped when marginal revenue is negative.
C) is positively sloped when the marginal revenue curve is upward sloping.
D) is negatively sloped when the marginal revenue curve is downward sloping.
B
Economics
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Utility is:
A) a measure of income. B) a measure of savings. C) a measure of satisfaction. D) a measure of expenditure.
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The equation that represents M2 in the model of the money supply process is
A) M2 = C + D. B) M2 = C + D + T - MMF. C) M2 = C + D - T + MMF. D) M2 = C + D + T + MMF.
Economics