Marginal profit is equal to
A) marginal revenue minus marginal cost.
B) marginal revenue plus marginal cost.
C) marginal cost minus marginal revenue.
D) marginal revenue times marginal cost.
E) marginal revenue divided by marginal cost.
A
You might also like to view...
If an economy uses monetary policy as its stabilization tool, the real interest rate and thus ________-run economic welfare depend on that economy's ________ policy
A) short, monetary B) short, fiscal C) long, monetary D) long, fiscal
Refer to the table below. If this market is a Cournot Oligopoly and Firm X is produces 50 units, what is Firm Y's demand at a price of $70?
The table above shows the market demand for a product that both Firm X and Firm Y manufacture. Both firms produce an identical product and the firms' average total and marginal cost are equal and constant.
A) 50
B) 0
C) 100
D) 150
A monopolized market is characterized by:
a. a sole supplier, no close substitutes, and free entry. b. a sole supplier, no close substitutes, and barriers to entry. c. a sole supplier, many close substitutes, and barriers to entry. d. a sole supplier, a few close substitutes, and free entry.
If the U.S. government enters the foreign exchange market and purchases dollars to attain a specific exchange rate with the yen, the dollar will ________ and the yen will ________.
A. depreciate; depreciate B. depreciate; appreciate C. appreciate; depreciate D. appreciate; appreciate