An upward shift in marginal cost _____ output and an upward shift in marginal revenue ______ output?

Related Mcqs:

Which of the following will NOT cause a shift in the demand curve for compact discs ?

A. A change in wealth B. A change in the price of compact discs C. A change in income. A change in the price of pre-recorded cassette tapes...

Which best describes a supply curve ?

A. The quantity consumers would like to buy in an ideal world B. The quantity producers are willing and able to sell at each and every price all other things unchanged C. The quantity producers are willing and able to sell at each and every income all other things unchanged D. The quantity producers are … Which best describes a supply curve ?Read More...

Inferior goods have _________ and luxury goods have _________?

A. negative income elasticity income elasticity greater than 1 B. income elasticity greater than 1, negative income elasticities C. Positive income elasticities, negative income elasticities D. None of the above...

If the cross elasticity of demand is -2 ?

A. The products are substitutes and demand is cross price elastic B. The products are substitutes and demand is cross price inelastic C. The products are complements and demand is cross price elastic D. The products are complements and demand is cross price inelastic...

A measurement showing how quantity demanded varies with income is the ?

A. Price elasticity of demand B. Cross-price elasticity of demand C. budget elasticity of demand D. income elasticity of demand...