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Author Question: The perfectly competitive firm's marginal revenue curve is A) exactly the same as the marginal ... (Read 80 times)

newyorker26

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on: Jul 1, 2018
The perfectly competitive firm's marginal revenue curve is
 
  A) exactly the same as the marginal cost curve.
  B) downward-sloping, at twice the (negative) slope of the market demand curve.
  C) vertical.
  D) horizontal.
  E) upward-sloping.

Question 2

Refer to Figure 6.1. At which point on the total product curve is the average product of labor the highest?
 
  A) point A.
  B) point B.
  C) point C.
  D) point D.
  E) none of the above


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soda0602

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


newyorker26

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Reply 2 on: Jul 1, 2018
Wow, this really help

emsimon14

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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