Refer to the graph below. The firm's marginal revenue curve must be:
The following graph shows a total revenue curve for a monopolist.
A. Downsloping
B. Constant
C. Upsloping
D. U-shaped
A. Downsloping
Economics
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Every time you go to the grocery store, you try to wait in the shortest line. But the lines always seem to be roughly the same length. Why?
A. The cashiers work at the same speed. B. Other people are trying to choose the shortest line too. C. Random chance equalizes the length of the lines. D. The cashiers do not have an incentive to work faster.
Economics
The demand for U.S. dollars originates from all of the following except
A. Foreign demand for U.S. investments. B. U.S. demand for imported goods. C. Speculation in U.S. dollars. D. Foreign demand for U.S. exports.
Economics