In a Graph Showing a Straight-Line Market Demand Curve, Themarginal

question 22

Multiple Choice

In a graph showing a straight-line market demand curve, themarginal revenue curve is:

• A)a straight line that begins at the same point as the demand curve on the y-axis but with twice the slope.(True Answer
• )Correct
• B)a straight line that begins at the origin but with twice the slope of the demand curve.
• C)the same straight line as the demand curve.
• D)There is not enough information to complete the statement.

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Definitions:

Note Payable

A written promise to pay a specific sum of money on a certain date, or on demand, to the holder of the note, which can be short-term or long-term.