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Author Question: The perfectly competitive firm's marginal revenue curve is A) exactly the same as the marginal ... (Read 77 times)

newyorker26

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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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Answer to Question 1

D

Answer to Question 2

B




newyorker26

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Reply 2 on: Jul 1, 2018
Excellent


peter

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Reply 3 on: Yesterday
Wow, this really help

 

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