Average revenue is:
A. marginal revenue minus marginal cost.
B. total revenue divided by the quantity of output.
C. total revenue minus total cost.
D. marginal revenue divided by the quantity of output.
Answer: B
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Answer the following statement true (T) or false (F)
Which of the following is FALSE about indirect price discrimination
a. The firm is able to identify each customer's willingness to pay b. The firm is able to charge different prices to the different value customers c. The firm is be able to prevent arbitrage d. All of the above
The S&P 500 index includes the stocks of 500 largest companies in the U.S
a. True b. False Indicate whether the statement is true or false
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a. It is positive and stable. b. It is positive but unstable. c. It is negative and stable. d. It is negative but unstable. e. There is no relationship between the two variables.