Total revenue for a seller represents the amount that:
a. sellers receive for a good or service which is computed as P ÷ Q.
b. sellers receive for a good or service which is computed as P Q.
c. one buyer spends on a good or service which is computed as P Q.
d. one buyer spends on a good or service which is computed as P ÷ Q.
b
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Common property resources include:
A. movies. B. fast food. C. oceans. D. professional baseball games.
________ is a company that provides advice to firms issuing new securities, underwrites the issuing of securities, and develops new securities
A) A mutual fund B) A pension fund C) A hedge fund D) An investment bank
When a U.S. firm sells a good abroad for, say, 100 euros (assume $1.5=1euro), U.S. net exports increase by $150. These $150 in exports can be accounted for as $150 increase in capital outflow because ________
A) private consumption in the foreign country increases by $150 B) if the U.S. firm uses the 100 euros to buy a share of stock in a foreign firm, the firm is supplying U.S. capital to that foreign firm C) if the U.S. firm uses the proceeds to buy a U.S. bond, capital investment in the foreign country has increased D) all of the above E) none of the above
If the demand for ptyalin is unit elastic, then
a. total revenue decreases as quantity demanded increases b. total revenue increases as quantity demanded increases c. total revenue increases as price increases d. total revenue remains constant as price increases e. total revenue decreases as price increases