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Author Question: When the demand curve is a downward sloping straight line, the slope of the marginal revenue curve is (Read 144 times)

brutforce

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Question 1

For a monopolist, price


◦ equals marginal revenue at all output levels.
◦ is less than marginal revenue.
◦ is greater than marginal revenue.
◦ can be greater than or less than marginal revenue.

Question 2

When the demand curve is a downward sloping straight line, the slope of the marginal revenue curve is


◦ always equal to one.
◦ the same as the slope of the demand curve.
◦ half as steep as the demand curve.
◦ twice as steep as the demand curve.


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Marked as best answer by brutforce on Apr 19, 2019

cswans24

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