According to the following figure, the equation for marginal revenue is
A. MR = 50 - 160Q.
B. MR = 4,000 - 100Q.
C. MR = 4,000 - 2,000Q.
D. MR = 50 - 0.025Q.
E. none of the above
Answer: D
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If the price level decreases
A) the LM curve will shift to the right. B) the LM curve will shift to the left. C) the IS curve will shift to the right. D) the IS curve will shift to the left.
Couples marrying at younger ages in colonial America than in Europe contributed to the relatively higher birth rates
Indicate whether the statement is true or false
If a firm must produce a significant share of market output before low average costs can be achieved, the structure of this industry will tend to be
a. monopolistic competition b. perfect competition c. oligopoly d. either monopolistic competition or oligopoly e. either perfect competition or monopolistic competition
The various models of oligopoly explain observed behavior in different industries, but none is satisfactory as a general theory of oligopoly
a. True b. False