Marginal revenue is defined as
A) the value of a firm's sales.
B) the total revenue from the total amount the firm sells.
C) the change in total revenue that results from a one-unit increase in the quantity sold.
D) total revenue divided by the total quantity sold.
C
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A manufacturer of a sugar substitute has launched a campaign against the consumption of sugar. This is an example of ________
A) indoctrination B) backward induction C) anchoring D) sniping
Just as greater leverage multiplies a bank's potential profits, it also multiplies a bank's potential losses
a. True b. False.
Which of the following is likely to have the most price inelastic demand?
a. yoga mats b. prescription medicine c. protein powder d. gym memberships
A country has $100 million of net exports and $170 million of saving. Net capital outflow is
a. $70 million and domestic investment is $170 million. b. $70 million and domestic investment is $270 million. c. $100 million and domestic investment is $70 million. d. None of the above is correct.