« previous next »

Author Question: What is the shape of the marginal revenue curve derived from a linear downward sloping demand curve? ... (Read 249 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?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Classification of bones by shape. Classification of bones by shape.
The titration curve of acetic acid The titration curve of acetic acid
Titration curve for aspartic acid Titration curve for aspartic acid
Strategies for replicating linear genomes Strategies for replicating linear genomes
Linear dose-response curve Linear dose-response curve
Downward Spiral of Poverty and Hunger Lack of food can lead to numerous other symptoms Downward Spiral of Poverty and Hunger Lack of food can lead to numerous other symptoms
Video: Hormonal regulation of blood pressure - RAA system

For a complete list of videos, visit our video library