Marginal revenue for a price taker is
A) equal to price.
B) less than price.
C) more than price.
D) unrelated to price.
A
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Regarding the stock market crash of 1929, evidence shows that
(a) no one expected trouble in the stock market before the October 1929 crash. (b) there was doubt about the speculative heights of stock prices as they continued to rise and more money continued to pour into the market. (c) only active support by the New York Federal Reserve Bank during the summer and fall of 1929 enabled the bull market to last until October. (d) investment trusts and nonbanking money sources correctly anticipated the downturn.
In which zone does the total physical product reach it maximum value?
a. Increasing marginal return b. Negative marginal return c. Diminishing marginal return d. Decreasing total physical product