The quantitative difference between areas Q1bcQ2 and p1p2ba in the diagram measures
A. marginal cost.
B. total revenue.
C. marginal revenue.
D. average revenue
Answer: C. marginal revenue.
You might also like to view...
Panel A shows a change in quantity demanded and Panel B shows a change in demand.
Indicate whether the statement is true or false.
Which of the following is true of a certificate of deposit?
a. They are accounts at savings and loan associations. b. The funds in this deposit account are not given out in the form of loans. c. The funds in this account must be deposited for a specified period of time. d. The value of the deposit should be more than $100,000. e. The deposits earn very little or no interest.
An ____________ identifies all the combinations of capital and labor that can be purchased at a given total cost.
Fill in the blank(s) with the appropriate word(s).
Measured as a share of GDP, what happened to the net federal debt between 1990 and 2011?
What will be an ideal response?