Marginal revenue is equal to:
A) the change in price divided by the change in output.
B) the change in quantity divided by the change in price.
C) the change in P x Q due to a one unit change in output.
D) price, but only if the firm is a price searcher.
C
You might also like to view...
________ is a statistical technique used to isolate the individual effects of a number of factors on a single outcome
Fill in the blank(s) with correct word
Fast Prints has a contract with local couriers to deliver their products to customers located throughout the city and it cost Fast Prints $5,000 in legal fees to establish the contracts. Fast Prints charges $25 for each set of 500 copies delivered in the city. What are Fast Prints' transaction costs?
A) $5,025 B) $4,975 C) $25 D) $5,000
Countries with higher rates of saving
A) experience lower growth rates in the future. B) have a large population. C) have a greater number of poor people. D) have higher rates of growth.
The average National Basketball Association player is over 6 feet tall. The average horse jockey is shorter than 5 1/2 feet tall. This is because height provides NBA players with:
a. d and e. b. an absolute advantage for horse racing. c. an absolute disadvantage for other sports in general. d. a comparative disadvantage in horse racing. e. a comparative advantage in basketball.