For a profit-maximizing competitive firm, the value of marginal product curve is
a. always rising.
b. falling only when marginal product is rising.
c. the labor supply curve.
d. the labor demand curve.
d
Economics
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A monopolistic competitor's demand curve is
a. perfectly elastic b. less elastic than a monopolist's or oligopolist's but more elastic than a perfect competitor's c. as elastic as an oligopolist's d. more elastic than a monopolist's or oligopolist's but less elastic than a perfect competitor's e. perfectly inelastic
Economics
Reserves demanded varies
a. inversely with both prices and output. b. inversely with prices and directly with output. c. directly with prices and inversely with output. d. directly with both prices and output.
Economics