Multiple Choice
A firm's marginal revenue is defined as
A) the ratio of total revenue to total quantity produced.
B) the additional output produced by lowering price.
C) the additional revenue received due to technical innovation.
D) the additional revenue received when selling one more unit of output.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: Suppose that a firm has to pay
Q2: If an unregulated electric company is a
Q3: If a firm is a price taker,its
Q4: Suppose that a firm has to pay
Q6: It is usually assumed that a perfectly
Q7: In order to maximize profits,a firm should
Q8: If a firm wished to maximize total
Q9: Suppose a farmer is a price taker
Q10: Suppose a farmer is a price taker
Q11: If an unregulated electric company is a