If a Firm Faces a Downward-Sloping Demand Curve,its Marginal Revenue

question 94

Multiple Choice

If a firm faces a downward-sloping demand curve,its marginal revenue is

• A)less than its marginal cost
• B)greater than price
• C)less than price
• D)equal to price
• E)equal to its total revenue

---

Definitions:

High-Status Males

males who are perceived as having a higher social, economic, or professional status within a given group or society.

Innately Attracted

A natural or instinctive tendency to feel drawn or connected to something or someone.

Coolidge Effect

The Coolidge effect is a phenomenon seen in animals, whereby males exhibit renewed sexual interest if introduced to new receptive females, despite having declined interest with prior mates.

Bruce Effect

describes the phenomenon in certain animals where a pregnant female will abort or reabsorb the fetus if exposed to a new male, thought to be an adaptive reproductive strategy.