Marginal revenue is a firm's:
A) ratio of profit to quantity.
B) ratio of average revenue to quantity.
C) price per unit times the number of units sold.
D) increase in total revenue when it sells an additional unit of output.
Correct Answer:
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Q33: Total revenue is a firm's:
A)change in revenue
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
Q39: The marginal revenue received by a firm
Q40: The difference between total revenue and total
Q41: If a perfectly competitive firm sells 10
Q42: If a firm in perfect competition sells
Q43: Marginal revenue is a firm's:
A)ratio of the
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