An imperfectly competitive firm has the following demand curve: Q = 100 - 2P. What is marginal revenue equal to when P = 40?
What will be an ideal response?
Q = 20, so MR = 40 - (20/2 ) = 30.
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An economic system in which the government decides what, how, and for whom to produce, directs workers to jobs, and owns all the land and capital is
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A) $2 B) $5 C) $7 D) $9
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A) 10 B) 100 C) 500 D) 1500