A perfectly competitive firm's marginal revenue exceeds its ...

[misspop]

A perfectly competitive firm's marginal revenue exceeds its marginal cost at its current output. To increase its profit, the firm will
 
  A) lower its price.
  B) raise its price.
  C) decrease its output.
  D) increase its output.

Question 2

________ real GDP increases the demand for money and ________ the nominal interest rate decreases the quantity of money demanded.
 
  A) Increasing; increasing
  B) Increasing; decreasing
  C) Decreasing; increasing
  D) Decreasing; decreasing

[steff9894]

Answer to Question 1

D

Answer to Question 2

A

[misspop]

Thanks for the timely response, appreciate it

[juliaf]

Wow, this really help