The marginal revenue of a price taker is: a. equal to price. b. ...

[NClaborn]

The marginal revenue of a price taker is:
 a. equal to price.
  b. less than price.
  c. more than price.
  d. unrelated to price.

Question 2

Using supply and demand analysis, which of the following is true?
 a. The burden of a tax on production cannot be determined on the basis of who actually pays the tax.
  b. The burden of a tax on production is always split evenly between consumers and sellers.
  c. Consumers bear the entire burden of a per unit tax on production.
  d. Sellers bear the entire burden of a per unit tax on production.

[manuelcastillo]

Answer to Question 1

a

Answer to Question 2

a