Multiple Choice
Marginal revenue is the change in
A) Total revenue when output is changed.
B) Total revenue when price is changed.
C) Average revenue when output is changed.
Correct Answer:
Verified
Related Questions
Q40: If a firm can change market prices
Q41: The difference between the total revenue and
Q42: In making a production decision,an entrepreneur
A)Decides whether
Q43: If a perfectly competitive firm wanted to
Q44: Which of the following is generally a
Q46: For the perfectly competitive firm,the marginal revenue
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