« previous next »

Author Question: What is the shape of the marginal revenue curve derived from a linear downward sloping demand curve? ... (Read 226 times)

abern

  • Hero Member
  • *****
  • Posts: 533
on: Jul 1, 2018
What is the shape of the marginal revenue curve derived from a linear downward sloping demand curve?
 
  A) Horizontal
  B) Vertical
  C) U-shaped
  D) Downward sloping, with a constant slope

Question 2

A price floor policy establishes a minimum price for a market. Which of the following results from a binding price floor?
 
  A) Equilibrium
  B) Excess demand
  C) Excess supply
  D) Shortage


Dominic

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

abern

  • Hero Member
  • *****
  • Posts: 533
Reply #2 on: Jul 1, 2018
Thank you


Dominic

  • Sr. Member
  • ****
  • Posts: 328
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

The titration curve of phosphoric acid (H3PO4), a common buffer in biological sy The titration curve of phosphoric acid (H3PO4), a common buffer in biological sy
Bidirectional replication from several fixed origins (O) on a linear eukaryotic chromosome Bidirectional replication from several fixed origins (O) on a linear eukaryotic chromosome
The demand for energy is met by burning coal and other fossil fuels The demand for energy is met by burning coal and other fossil fuels
(a) A metaphase array of chromosomes as viewed in the microscope. (b) The computer-derived karyotype (a) A metaphase array of chromosomes as viewed in the microscope. (b) The computer-derived karyotype
A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ... A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ...
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Retina

For a complete list of videos, visit our video library