Which of the following is true of marginal revenue?
a. Marginal revenue equals total revenue divided by quantity.
b. Marginal revenue is the slope of the supply curve of a firm.
c. Marginal revenue is the slope of the total cost curve when profit is maximized.
d. Marginal revenue equals the change in total revenue due to an additional unit of output.
e. Marginal revenue equals the income earned by selling stocks on the margin.
d
You might also like to view...
Xenonia and Baltonia are two neighboring countries. Xenonia can either produce 300 pounds of rice or 100 bushels of corn in a year while Baltonia can either produce 500 pounds of rice or 200 bushels of corn
Can mutually profitable trade take place between the two countries? Explain your answer.
Using a broader measure of the unemployment rate where discouraged workers and part-time workers who wished to work full time were counted as unemployed, the BLS estimates the unemployment rate in August 2015 would have ________ compared to the
measured unemployment rate. A) barely changed B) decreased by less than 1 percentage point C) more than doubled D) increased by more than 7 percentage points
Recent studies on the effectiveness of fiscal policy tend to suggest that the government spending multiplier is less than 1.0
a. True b. False Indicate whether the statement is true or false
Refer to Figure 26-4. If the equilibrium quantity of loanable funds is $56 billion and if the rate of inflation is 4 percent, then the equilibrium real interest rate is
a. 6 percent
b. higher than 8 percent
c. lower than 6 percent.
d. between 6 percent and 8 percent