J. J. Joubert, of the Joubert Dairy, tells his friend Jacques that the average revenue he gets for a liter of milk is $1. We know then that $1 is the dairy's
A) marginal profit
B) marginal cost
C) price
D) total revenue
E) total profit
Correct Answer:
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Q44: At the end of the day, Gracia's
Q45: Total revenue is a term economists use
Q46: Technically speaking, when the firm's output level
Q47: Q48: Q50: Technically speaking, average revenue is Q51: If you know what marginal cost is, Q52: Peter Schran plays no favorites. It's one Q53: If price is unchanging across the firm's Q54: 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![]()
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A) price ×![]()