Copyright

If the equation for the demand curve is q = 50 - 4p, then the ratio of marginal revenue to price...

Question:

If the equation for the demand curve is {eq}\displaystyle q = 50 - 4p {/eq}, then the ratio of marginal revenue to price is constant as price changes.

a. True.

b. False.

Demand Curve:

The demand curve for a particular goods is derived from the tabular demand schedule. The demand curve shows that the price and quantity demanded for a commodity are inversely related to each other. An increase in price will lower the quantity demanded.

Answer and Explanation: 1

Become a Study.com member to unlock this answer!

View this answer

If the equation for the demand curve is {eq}\displaystyle q = 50 - 4p {/eq}, then the ratio of marginal revenue to price is constant as price...

See full answer below.


Learn more about this topic:

Loading...
The Market Demand Curve: Definition, Equation & Examples

from

Chapter 7 / Lesson 11
189K

Learn about the market demand curve definition. Find out about the importance of a market demand schedule and how to plot market demand on a graph.


Related to this Question

Explore our homework questions and answers library