If price is abov Study guides, Class notes & Summaries

AQA GCSE MATHEMATICS 8300/2H Higher Tier Paper 2 Calculator Version: 1.0 Final *jun2383002H01* IB/M/Jun23/E8 8300/2H For Examiner’s Use Pages Mark 2–3 4–5 6–7 8–9 10–11 12–13 14–15 16–17 18–19 20–21 22–23 24–25 26 TOTAL Wednesday 7 June 2023 Morning Time allowed: 1 hour 30 minutes Materials For this paper you must have: • a calculator • mathematical instruments • the Formulae Sheet (enclosed). Instructions • Use blac...

.)If a firm in a purely competitive industry is confronted with an equilibrium price of $5, its marginal revenue: A. will be greater than $5. B. will also be $5. C. will be less than $5. D. may be either greater or less than $5. 2.) A firm that is motivated by self interest should: A. always use large amounts of cheap inputs and small amounts of expensive inputs in producing its output. B. hire each input so the productivity of each is equal at the margin. C. alw...