Refer to the information provided in Figure 13.2 below to answer the question(s) that follow. 
Figure 13.2 Refer to Figure 13.2. The marginal revenue of the sixth pound of cheese is
A. -$4.
B. -$1.
C. $1.
D. $4.
Answer: B
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In the ________, two duopolists compete by simultaneously selecting price
A) Cournot model B) Nash model C) Bertrand model D) kinked-demand model E) none of the above
As the market price decreases, the slope of the total revenue curve of a perfectly competitive firm becomes steeper
a. True b. False Indicate whether the statement is true or false
Nominal GDP measures income at:
(a) Constant prices. (b) Fixed prices. (c) Current prices. (d) None of the above.
A physician who laid off her nurse and receptionist and performed their tasks herself would probably
A) decrease her accounting profit but increase her economic profit.
B) decrease her profit from the economist's point of view even if she increased her accounting profit.
C) increase both her accounting and economic profit if her practice was a busy one.
D) wind up with lower labor costs unless the layoff greatly increased the demand for her professional services.
E) work more efficiently in order to get everything done.