If the demand curve for a firm is downward-sloping, its marginal revenue curve
A) will lie below the demand curve.
B) will lie above the demand curve.
C) is the same as the demand curve.
D) is horizontal.
Ans: A) will lie below the demand curve.
Economics
You might also like to view...
If the balance on the current account is $842 billion and the balance on the financial account is -$603 billion, what is the balance on the capital account, assuming no statistical discrepancy?
A) $1,445 billion B) $239 billion C) $0 D) -$239 billion
Economics
Contractionary fiscal policy to prevent real GDP from rising above potential real GDP would cause the inflation rate to be ________ and real GDP to be ________
A) higher; higher B) higher; lower C) lower; higher D) lower; lower
Economics