The individual demand curve for an input such as labor to a firm would be the downward sloping portion of the firm's
A) marginal physical product curve.
B) marginal revenue product curve.
C) marginal revenue curve.
D) total revenue curve.
Answer: B
Economics
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Explain whether a monopoly that maximizes profit will also be maximizing revenue and production
What will be an ideal response?
Economics
Special-interest legislation that imposes costs broadly over many taxpayers can be enacted because
a. taxpayers benefit from this type of legislation b. taxpayers remain rationally ignorant of the legislation c. only the wealthy pay these taxes d. these taxes are actually borne by a minority of taxpayers e. the Constitution requires special-interest legislation
Economics