True/False
The addition to total revenue resulting from one more unit of output is called marginal revenue.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q49: A firm should use marginal analysis when
Q50: A firm's demand curve can be used
Q51: If at an output of 4,000 units,
Q52: Given total cost and the quantity of
Q53: When a firm's fixed costs increase it
Q55: A firm that sells at a price
Q56: Firms need to know the shape of
Q57: Company A manufactures a single automotive component.It
Q58: A firm can always increase its output
Q59: Profit is maximized at the output at