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For a downward-sloping demand curve, marginal revenue decreases as quantity sold increases. True or False?
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I took macro but revenue should increase with the amount sold.
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A monopoly:
Question 22 options: A) faces the market demand curve which is downward sloping. B) has a marginal revenue curve
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A monopolist faces an upward-sloping marginal cost curve. Its profit-maximizing quantity will be
a. at the minimum point of the
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q = 5,000 - 100p
tc= 10,000 - 10q plot the demand curve marginal revenue curve marginal cost curve profit maximising price,
1 answer
q = 5,000 - 100p
tc= 10,000 - 10q plot the demand curve marginal revenue curve marginal cost curve profit maximising price,
1 answer
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