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Author Question: The marginal revenue curve for a perfectly competitive firm A) is the same as its demand curve. ... (Read 482 times)

LCritchfi

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on: Jun 29, 2018
The marginal revenue curve for a perfectly competitive firm
 
  A) is the same as its demand curve. B) is perfectly inelastic.
  C) is downward-sloping. D) is the same as its marginal cost curve.

Question 2

Refer to Figure 11-2. The curve labeled F is
 
  A) the output supply curve. B) the total product curve.
  C) the marginal product curve. D) the average product curve.


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prumorgan

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


LCritchfi

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Reply #2 on: Jun 29, 2018
Thank you


prumorgan

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Reply #3 on: Jun 29, 2018
No problemo


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