The perfectly competitive firm's total revenue curve
A) is linear and upward sloping.
B) has a constant slope.
C) has a positive slope.
D) all of the above.
Answer: D
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Total fixed cost divided by the level of output yields
a. average variable cost per unit b. average fixed costs per unit c. marginal cost per unit d. average total cost per unit e. marginal productivity per unit of fixed resource
Briefly summarize the factors that influence your personal level of consumption spending. Which factor would you say is the single most important determinant of your consumption spending? Why?
What will be an ideal response?
Governments supervise banks mainly to do each of the following, except:
A. be sure the banks are following the regulations set out by banking laws. B. eliminate all risk faced by investors. C. reduce the moral hazard risk. D. reduce the potential cost to taxpayers of bank failures.
Describe the three types of mergers and give examples
What will be an ideal response?