-Figure 8-9 shows the demand schedule faced by an artist for reproductions of one of his paintings.His marginal revenue falls as output rises because
A) marginal cost is rising
B) the artist must lower the price on all reproductions in order to sell a larger quantity
C) total revenue is increasing at an increasing rate
D) the price is equal to marginal revenue
E) the artist works in a perfectly competitive market for art
Correct Answer:
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Q69: Hannah's Harmonicas sells 1,000 harmonicas each month
Q70: When a firm faces a downward-sloping demand
Q71: Marginal revenue is
A)the change in total revenue
Q72: Q73: Marginal revenue is defined as the Q75: If a firm faces a downward-sloping demand Q76: If a firm faces a horizontal demand Q77: According to the marginal approach to profit Q78: If total revenue falls as more output Q79: 
A)total revenue
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