A firm with market power has a demand curve that slopes downward; this implies that Select one: a. marginal revenue is greater than marginal cost. b. the selling price of the current unit must be set equal to the selling price of the previous unit sold. c. it must continually lower price on successive units in order to continue selling. d. price is less than marginal revenue.

Which curve shows increasing opportunity cost as you give up more of one option? demand curve bow-shaped curve yield curve indifference curve

How much of your paycheck do you have immediate access to once you deposit it into your bank account a. all of it b. a portion of it c. none of it

Camping gear, inc. had 500 units of inventory on hand at the end of the year. these were recorded at a cost of $ 13 each using the lastminusin, firstminusout (lifo) method. the current replacement cost is $ 9 per unit. the selling price charged by camping gear, inc. for each finished product is $ 14. as a result of recording the adjusting entry as per the rule, the gross profit will