Revenue is equal to
A) price times quantity.
B) price times quantity minus total cost.
C) price times quantity minus average cost.
D) price times quantity minus marginal cost.
E) expenditure on production of output.
A
Economics
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Indicate whether the statement is true or false
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A. seasonally B. cyclically C. structurally D. frictionally
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Refer to Figure 18.4. With free trade, what is the equilibrium price of gloves in Duckland?
A) $0 B) $8 C) $9 D) $11
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A rational person maximizes
A) risk. B) return. C) expected utility. D) return variance.
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