A competitive firm sells 100 units of output for $5 per unit. The firm's marginal revenue amounts to __________
Fill in the blank(s) with correct word
$5
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Sales taxes are generally progressive.
A. True B. False C. Uncertain
Currently, which sector of the economy is consistently a net saver?
A) the household sector B) the business sector C) the federal government D) the foreign sector
The cross-price elasticity of garlic salt and onion salt is -2, which indicates that garlic salt and onion salt are substitutes
a. True b. False Indicate whether the statement is true or false
Many movie theaters allow discount tickets to be sold to senior citizens because
a. senior-citizen laws mandate such discounts. b. goodwill efforts earn community respect and win loyal patrons. c. the theaters are profit maximizers. d. senior citizens lobby city councils for lower prices.