Multiple Choice
The input demand curve for an output market monopolist slopes downward because:
A) as the price of the input increases,a higher quantity of the input is employed.
B) marginal product of the input increases as more input is employed.
C) marginal revenue increases as more of the input is employed.
D) price and marginal revenue are inversely related.
Correct Answer:
Verified
Correct Answer:
Verified
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