At a price of $18, the marginal revenue of a movie seller is $12. If the marginal cost of a movie is $9, the firm should increase its price.
Answer the following statement true (T) or false (F)
False
Economics
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Marginal benefit is defined as
a. the net gain from a particular level of an activity. b. the additional benefit gained from the last unit of an activity. c. the difference between total benefits and total costs of a particular level of an activity. d. the difference between variable costs and fixed costs.
Economics
How consistent is the Keynesian consumption function with the random walk hypothesis?
What will be an ideal response?
Economics
An example of a lump-sum tax is a(n):
A. income tax. B. property tax. C. sales tax. D. head tax.
Economics
The more money firms spend on R&D the faster the economy is expected to grow
a. True b. False Indicate whether the statement is true or false
Economics