Total revenue is a firm's:
A) change in revenue resulting from a unit change in output.
B) ratio of revenue to quantity.
C) difference between revenue and cost.
D) total output times the price of that output.
Correct Answer:
Verified
Q28: The competitive model of markets does NOT
Q29: _ almost always take the market price
Q30: If a perfectly competitive firm decreases production
Q31: In a perfectly competitive industry,the market demand
Q32: If a perfectly competitive gardening shop sells
Q34: When perfect competition prevails,which characteristic of firms
Q35: Marginal revenue:
A)is the slope of the average
Q36: In perfect competition:
A)a firm's total revenue is
Q37: If a perfectly competitive firm increases production
Q38: Marginal revenue is a firm's:
A)ratio of profit
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents