The marginal revenue that would be derived from producing a fourth unit of output is
A. $30.
B. $24.
C. $21.
D. $12.
D. $12.
You might also like to view...
Use the figure below to answer the following question.
If actual production and consumption occur at Q1 and the price is P2, deadweight loss equals area
A. f. B. b. C. d. D. b + d.
Which of the following macroeconomic variables is most dependent on whether the government pursues an active approach to policy or a passive approach to policy?
a. Aggregate supply b. Aggregate demand c. Money demand d. Money supply e. Interest rate
A new U.S. tariff on imported steel would be likely to: a. raise the cost of production to steel-using American firms. b. generate tax revenue to the government
c. increase U.S. production of steel. d. all of the above
If the demand for a good is price inelastic, a tax on it will
a. raise price, raise tax revenue, shift the supply curve to the right b. lower price, lower tax revenue, shift the supply curve to the right c. raise price, raise tax revenue, shift the supply curve to the right d. raise price, raise tax revenue, shift the supply curve to the left e. lower price, raise tax revenue, shift the demand curve to the left