The total revenue is the
a. (change in price) × (change in output)
b. (price) × (change in output)
c. (change in price) × (output)
d. (price) × (output)
e. (change in marginal revenue) × (price)
D
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The marginal productivity theory of income states that a person's total income is determined by
A) how much the individual works. B) how profitable the firm the individual works for is. C) how much the individual has inherited. D) the amount and productivity of factors of production the individual owns.
The U.S. federal debt as a percentage of GDP is currently on the rise
a. True b. False Indicate whether the statement is true or false
"New industries need to be protected or they won't have the opportunity to grow up." This is a statement of the __________ argument for trade restrictions
A) national-defense B) infant-industry C) anti-dumping D) tariff E) none of the above
During this century, court decisions on antitrust have:
A. changed from per se, to rule of reason, and back to per se. B. changed from rule of reason, to per se, and back to rule of reason. C. always emphasized per se. D. always emphasized rule of reason.