The Input Demand Curve for an Output Market Monopolist Slopes

question 19

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.

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