How does the slope of the marginal revenue curve compare to that of the demand curve?

Show Answers

It is consistently equal to one.It is half as steep as the demand curve.It matches the slope of the demand curve exactly.It is twice as steep as the demand curve.It is unrelated to the demand curve's slope.

Explanation

The marginal revenue curve has a slope that is double the steepness of the demand curve's slope, meaning it declines twice as fast as the demand curve.