In a perfectly competitive market, a decrease in the market demand will shift the perfectly competitive firm's ________ curve ________.
A) marginal revenue; downward
B) marginal cost; upward
C) marginal cost; downward
D) marginal revenue; upward
A) marginal revenue; downward
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The Middle Pleistocene began about _____ years ago and ended______years ago
a. 125,000, 780,000 b. 500,000, 125,000 c. 10,000, 7,000 d. 780,000, 125,000 e. 180,000, 100,000
Upper Paleolithic
What will be an ideal response?
Biological and cultural changes enabled H. erectus to exploit a new adaptive strategy—gathering and hunting. This in turn was crucial for H. erectus to
A. diminish the rate of mortalities due to violent encounters with large animals and other hominins. B. overcome its greatest challenge: an imperfect bipedal gait. C. beat out H. habilis in competition for key ecological niches. D. push the hominin range beyond Africa, into Asia and Europe. E. bring about the onset of complex language.
Big City Java is a local coffee bar. Using Excel, the manager of Big City Java estimates the weekly demand function for their grand mocha coffees to be Qd = 650 - (15.25 × P). The estimated regression equation suggests that if Big City Java increased its price of grand mocha coffees from $6 to $8, the predicted quantity demanded of coffees would ________.
A) increase B) decrease C) not change D) exactly double