« previous next »

Author Question: What is the shape of the marginal revenue curve derived from a linear downward sloping demand curve? ... (Read 208 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?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

The cranium of a young infant changes dramatically in shape with age. Initially the child has severa The cranium of a young infant changes dramatically in shape with age. Initially the child has severa
How to solve a pair of linear equations using the Addition-Subtraction Method How to solve a pair of linear equations using the Addition-Subtraction Method
A dose-response curve describes the relationship between the quantity of the chemical entering the ... A dose-response curve describes the relationship between the quantity of the chemical entering the ...
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
Spacecraft optimum geometrical shape Spacecraft optimum geometrical shape
Video: Passive Smoke Exposure

For a complete list of videos, visit our video library