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
You might also like to view...
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
Economics
A rational person maximizes
A) risk. B) return. C) expected utility. D) return variance.
Economics
Indifference curves on the same indifference map can have different shapes
Indicate whether the statement is true or false
Economics
If you hear a person saying "I lost my job because I was replaced by a machine," you should conclude that this person is ________ unemployed.
A. seasonally B. cyclically C. structurally D. frictionally
Economics