The demand curve for a firm's product is also the curve showing
a. total revenue.
b. marginal revenue.
c. average revenue.
d. average profits.
c
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What is the difference between statistical and taste-based discrimination? The owner of a company that manufactures automobile parts states that it will not hire gay or lesbian employees
Is this an example of statistical or taste-based discrimination?
If the supply of another input used decreases, the marginal product of labor can:
A. increase, decreasing the demand for labor. B. increase, increasing the demand for labor. C. decrease, increasing the demand for labor. D. increase, increasing the supply of labor.
Menu costs refer to:
A. the money, time, and opportunity used to change prices to keep pace with inflation. B. the time, money, and effort one has to spend managing cash in the face of inflation. C. being penalized via taxes for making more money in dollars, even though real purchasing power hasn't changed. D. labor costs associated with inflation.
Which of the following is NOT a cause for an oligopoly to exist?
A. barriers to entry B. horizontal mergers C. structural dependence D. economies of scale