When marginal revenue is zero, total revenue:
A. is maximized.
B. will decrease when price decreases.
C. will decrease as quantity decreases.
D. will increase when price increases.
Answer: A
You might also like to view...
The level of potential GDP
A) increases as the real rate of interest decreases. B) increases as the real rate of interest increases. C) is unaffected by the real rate of interest. D) is represented on the IS-MP model by a horizontal line at the world real rate of interest.
The short-run supply curve of a perfectly competitive firm is the
a. upward-sloping portion of its average total cost curve b. upward-sloping portion of its average variable cost curve c. average fixed cost curve at all levels of output d. marginal cost curve, which lies above the average variable cost curve e. downward-sloping portion of its marginal cost curve
Which of the following is illegal under Clayton Act of 1914?
a. Charging different prices for the same product. b. Exclusive dealer agreements. c. Tying contracts. d. The purchase of the assets of a rival firm that lessens competition.
If government taxes a firm which pollutes this will
a. increase the demand for the good produced. b. decrease the supply of the good produced. c. increase the equilibrium quantity of the good produced in the market. d. decrease the equilibrium price of the good produced in the market. e. all of the above.