Marginal revenue is less than price for
A) all price searchers.
B) all price takers.
C) price searchers who can't restrict price reductions to the new purchases they want to attract.
D) sellers who face inelastic demand curves.
Question 2
In the above figure, if the interest rate is negatively related to household expenditures for any given level of household income, an increase in the interest rate will
A) shift the line vertically upward.
B) shift the line vertically downward.
C) make the line negatively sloped.
D) cause no change in the line's position.
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Alan Price - Poor People
Marginal Supply - Demand Curve
Marginal Products of Physical and Human Capital
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.