Multiple Choice
Suppose a farmer is a price taker in soybeans with cost functions given by 
Suppose the farmer has to pay a 10% tax on revenue.This has the effect of
A) flattening marginal cost.
B) increasing marginal revenue.
C) decreasing marginal cost.
D) decreasing marginal revenue.
Correct Answer:
Verified
Correct Answer:
Verified
Q4: If an unregulated (because it produces electricity
Q5: If an unregulated electric company is a
Q5: A firm's marginal revenue is defined as<br>A)the
Q6: Suppose a farmer is a price taker
Q8: If a firm wished to maximize total
Q14: If an unregulated (because it produces electricity
Q15: A firm's total revenue is equal to<br>A)total
Q18: A firm that sought to "maximize market
Q29: If demand is inelastic,marginal revenue will be<br>A)positive.<br>B)zero.<br>C)negative.<br>D)constant.
Q29: If price is equal to short-run average