« previous next »

Author Question: What is the shape of the marginal revenue curve derived from a linear downward sloping demand curve? ... (Read 180 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?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Bacterial colonies, each derived from a single cell Bacterial colonies, each derived from a single c Bacterial colonies, each derived from a single cell Bacterial colonies, each derived from a single c
Superior view of heart valves illustrating position, size, and shape of each valve. Superior view of heart valves illustrating position, size, and shape of each valve.
Two representations of heme (derived from PDB ID 1CCR). The iron atom Two representations of heme (derived from PDB ID 1CCR). The iron atom
A container in the shape of a right circular cylinder with no top has surface area square feet. A container in the shape of a right circular cylinder with no top has surface area square feet.
Linear programming problems Linear programming problems
Lampbrush chromosomes derived from amphibian oocytes Lampbrush chromosomes derived from amphibian oocytes
Video: Mitosis step-by-step

For a complete list of videos, visit our video library