Solved

The Table Given Below Reports the Marginal Revenue and Marginal

Question 116

Multiple Choice

The table given below reports the marginal revenue and marginal cost of Holmes Detective Agency for each client.Table 9.2
The table given below reports the marginal revenue and marginal cost of Holmes Detective Agency for each client.Table 9.2    -Marginal revenue of n<sup>th</sup> unit of output is: A) total revenue of (n+1) <sup>th</sup> unit minus total revenue of n<sup>th</sup> unit. B) total revenue of n<sup>th</sup> unit minus total revenue of (n-1) <sup>th</sup> unit. C) total revenue of (n+1) <sup>th</sup> unit minus total revenue of (n-1) <sup>th</sup> unit. D) the sum of total revenue of (n+1) <sup>th</sup> unit and n<sup>th</sup> unit. E) the sum of total revenue of (n+1) <sup>th</sup> unit and (n-1) <sup>th</sup> unit.
-Marginal revenue of nth unit of output is:


A) total revenue of (n+1) th unit minus total revenue of nth unit.
B) total revenue of nth unit minus total revenue of (n-1) th unit.
C) total revenue of (n+1) th unit minus total revenue of (n-1) th unit.
D) the sum of total revenue of (n+1) th unit and nth unit.
E) the sum of total revenue of (n+1) th unit and (n-1) th unit.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions