jaystarr7999 jaystarr7999

27-11-2022
Social Studies

Answered

If a firm faces a downward-sloping demand curve, then:
it is a perfectly competitive firm
the firm's marginal revenue from selling an additional unit of output is. less than price.
the firm could be either a perfectly competitive firm or an imperfectly firm:
the firm's production process exhibits economies of scale.

Answer :

Other Questions

2. The term oligonoly indicates. A. A one.firm industry. B- Many producers of a ditferentiated product. C. A few firms producing either a different product or h

1. A profit-maximizing firm in the short run will expand output until marginal cost begins to rise until total revenue equals total cost until marginal cost equ

L For a purely competitive seller, price equals: A. average revenue. B. marginal revenue. C. total revenue divided by output. D. all of these.

A downward-sloping demand curve illustrates a. that demand decreases over time. b. that prices fall over time. C. the relationship between income and quantity d

Jane, a partner in a CPA firm, borrows [tex]\$ 100,000[/tex] on a secured note from one of the firm's bank audit clients to build a new dormer on her house. The

Graphically, demand-pull inflation is shown as a: rightward shift of the AD curve along an upsloping [tex]A S[/tex] curve. leftward shift of the AS curve along

A firm pursuing a best-cost provider strategy: 1. seeks to be the low-cost provider in the largest and fastest growing (or best) market segment. 2 tries to have

The forces that make market economies work are: Answer Work and leisure. Politics and religion. Supply and demand. Taxes and government spending.

A decrease in the price level will cause: A. the long-run aggregate supply curve to shift to the right. B. a movement rightward along the short-run aggregate su

A supply curve slopes upward because the quantity supplied of most goods and services increases over time. an increase in price gives producers an incentive to