What is marginal revenue?
A. a percentage change in price that results from a change in quantity demanded
B. the total change in revenue that results from a small change in product price
C. the total change in revenue that results from a large change in product price
D. the change in total revenue that results from producing one additional unit
E. the change in total revenue that results from selling one additional unit of a product
Answer: E
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On the date of initial issuance of a financial instrument , the market value will equal
a. the initial issue proceeds [the amount borrowed]. b. the sum of the future cash flows. c. the maturity value of the instrument. d. the par value of the instrument. e. the par value of the instrument minus the premium or plus a discount.
____________ involves the use of employees from an idle process to a process that is busy.
What will be an ideal response?
When a company determines the number of channel members to use at each level, three strategies are available: intensive, exclusive, and ________ distribution.
A) multichannel B) selective C) international D) direct E) extensive
Most property insurance contracts have a coinsurance provision to:
A. protect a small business from suits resulting from mistakes made by someone in a professional context. B. ensure the continuation of a business following the death of its owner. C. protect a business from losses resulting from the use of its product. D. ensure reimbursement for the full amount of covered losses.