Marginal revenue is defined as
A) the change in total revenue from a unit change in price.
B) the change in average revenue from a one-unit change in output.
C) the change in total revenue from a one-unit change in output.
D) the change total cost from a one-unit change in output.
Correct Answer:
Verified
Q112: For any firm, price always equals
A)average revenue.
B)marginal
Q113: Total profit
A)is the difference between sales revenue
Q114: Robert left a law firm to begin
Q115: Total profit = Total revenue − Total
Q116: To find a firm's total revenue at
Q118: Maureen left her teaching job, which paid
Q119: Total profit equals
A)TR − TC.
B)average profit times
Q120: The demand curve for a firm's product
Q121: Figure 8-4 Q122: Thomas Edison once said that he began
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