If a monopoly firm reduced the price of its product, which of following must have been true?
a. MR > MC
b. MR < MC
c. MR > AR
d. MC > AR
a
Economics
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Autonomous consumption is the level of consumption that is
A) consistent with the average standard of living. B) observed at the poverty line. C) independent of real income. D) available to someone earning the minimum wage.
Economics
The U.S. private sector holds about ________ percent of outstanding U.S. Treasury bonds.
A. 22 B. 30 C. 50 D. 17
Economics
If the Federal Reserve has indirect influence of the loanable funds (short term) interest rate, the supply of those loanable funds is likely
A. vertical. B. downward sloping. C. upward sloping. D. flat.
Economics
How does NDP differ from GDP?
What will be an ideal response?
Economics