Refer to the table above. What is the marginal revenue of the monopolist when it sells 400 units of its product?
A) $2
B) -$2
C) $3
D) -$3
D
Economics
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If the price of labor falls, we can expect
a. demand for labor will increase b. quantity demanded of labor will increase c. demand for labor will decrease d. quantity demanded of labor will decrease e. marginal labor cost to rise
Economics
Regardless of whether you are looking through the microeconomics microscope or the macroeconomics telescope, the fundamental subject material of the interconnected __________ doesn’t change.
a. market b. economy c. production d. firm
Economics