When marginal revenue is negative for a linear (inverse) demand function, increases in output will cause total revenues to:
A. remain unchanged.
B. decrease.
C. increase.
D. There is not sufficient information to answer the question.
Answer: B
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In general, a fine on buying a product leads to the
A) supply curve shifting rightward. B) supply curve shifting leftward. C) demand curve shifting rightward. D) demand curve shifting leftward.
Explain how a bubble can develop in the market for an asset
What will be an ideal response?
Economic stagnation coupled with high inflation is commonly called:
A. stagflation. B. inflationary stagnation. C. stagnatory growth. D. inflagnation.
In Figure 45.5, where one union is bargaining against one employer, the lowest possible negotiated wage paid to workers will be 
Figure 45.5
A. W1. B. W*. C. W2. D. an undetermined point between W1 and W2.