Marginal revenue is equal to price if the demand curve is horizontal.

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更多“Marginal revenue is equal to p…”相关的问题

第1题

Marginal revenue is equal to price for firms operating in which market structure(s)?

A)Both perfect competition and imperfect competition.

B)Neither perfect competition nor imperfect competition.

C)Perfect competition only.

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第2题

A price change causes the quantity demanded of a good to decrease by 30 percent, while the total revenue of that good increases by 15 percent. Is the demand curve elastic or inelastic? Explain.

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第3题

听力原文：The national forestry industry has seen a large increase in the demand for lumber over the last 12 months. According to forestry statistics, revenues increased by 21 percent to $1.2 billion. The main reason for this increase has been due to the rise in home construction. This has resulted in a shortage of workers in the forestry sector. However, this shortage of workers should be resolved within the next four months. Employees are earning more pay for their work compared to last year. The amount of trees planted last year was a record for the country. There is also healthy competition among lumber companies within the country that is expected to continue for the next two years. The only foreseeable threat to the lumber industry is the possibility of the spruce budworm infecting large forests and destroying trees. Fortunately, scientists and researchers believe the risk is minimal.

What is the main reason for the growth in forestry?

A．The shortage of workers in the industry.

B．The elimination of forestry regulations.

C．The increase in home construction.

D．The addition of new technologies.

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第4题

Refer to the figure below. Suppose this demand curve shows the demand for lattes at a single coffee shop that charges $2.00 for a latte. If the manager wants to increase total revenue, what should the

A、Increase the price from $2.00 to $3.00.

B、Increase the price from $2.00 to $2.50.

C、Reduce the price from $2.00 to $1.00.

D、Reduce the price from $2.00 to $1.75.

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第5题

For a profit-maximizing firm, the price level equals its marginal revenue (MR) when ______.

A．in an oligopolistic market.

B．in a monopolistic situation.

C．in a perfectly competitive market.

D．sales rise with the increase in price level.

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