Multiple Choice
Michelin notices that when the number of tires it sells increases from 1,000,000 to 1,000,001, total revenue rises $35. The $35 represents the firm's
A) average revenue.
B) marginal revenue.
C) price elasticity.
D) average variable revenue.
E) average total cost.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q68: Which of the following acts does not
Q69: If demand is elastic, a change in
Q70: Which factor is least likely to affect
Q71: If the product price is $100, average
Q72: Which of the following statements is true
Q74: Which of the following is not a
Q75: Monopolies usually keep their prices at a
Q76: What are the implications of a downward-sloping
Q77: Myra's company just purchased $600 worth of
Q78: You are a senior sales and marketing