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Author Question: The marginal revenue curve of a monopolistically competitive firm will always lie: a. below the ... (Read 21 times)

mckennatimberlake

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on: Jun 30, 2018
The marginal revenue curve of a monopolistically competitive firm will always lie:
 a. below the firm's demand curve.
  b. parallel to the firm's demand curve.
  c. parallel to the firm's quantity axis.
  d. above the firm's demand curve.

Question 2

The slope of the indifference curve for goods X and Y is called the marginal:
 a. product rate.
  b. rate of transformation.
  c. rate of substitution.
  d. rate of utility.


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ju

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


mckennatimberlake

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  • Posts: 559
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

cpetit11

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

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