A firm facing a downward-sloping demand curve sells 50 units of output at $10 each. The firm's marginal revenue is
a. $500
b. more than $10 but less than $500
c. $10
d. less than $10
e. zero
D
Economics
You might also like to view...
Which one of the following statements is true?
a. Resources flow from the government to households. b. Resources flow from firms to households. c. Taxes flow from firms to the government. d. Resource payments flow from firms to households e. Imports flow from firms to foreign economies.
Economics
It is possible for an economy to produce more than its potential level of output, at least for a short period of time
a. True b. False
Economics