Refer to Figure 13-3. The marginal revenue from one additional unit sold is the sum of the gain in revenue from selling the additional unit and the loss in revenue from having to charge a lower price to sell the additional unit
Based on the diagram in the figure
A) X represents the gain (price effect) and Y the loss (output effect).
B) Y represents the gain (output effect) and X the loss (price effect).
C) X + Z represents the loss (output effect) and Y the gain (price effect).
D) X represents the loss (price effect) and Y + Z the gain (output effect).
B
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Refer to the scenario above. What is the difference between the future value of John's deposit and Wendy's deposit after three years?
A) $56.04 B) $112.26 C) $208.03 D) $439.15
In the two-gap model, which of the following gaps, when binding, leads to foreign aid having the largest impact on GNP?
(a) Fiscal gap. (b) Savings gap. (c) Foreign exchange gap. (d) None of the above.
A rise in the interest rate will generally result in people consuming more when they are old if the substitution effect outweighs the income effect
a. True b. False Indicate whether the statement is true or false
Proprietorships:
A.) Dominate market transactions. B.) Are owned by many individual stockholders. C.) Are known for their large assets. D.) Are the most common type of business firm.