Marginal revenue
A) cannot be used to determine the profit-maximizing rate of production.
B) is the change in total revenues resulting from a change in output.
C) is a change in revenue that is immeasurable and non-quantifiable.
D) cannot be effectively utilized when analyzing the perfect competitor.
B
You might also like to view...
Which of the following institutions can not borrow from the Federal Reserve at the discount window?
A) Thrift institutions B) Member banks C) Nonmember banks D) Life insurance companies
All of the following can cause conflict between divisions EXCEPT
a. Coordination between divisions does not benefit all divisions equally b. managers of profit centers care too little about the effects of their decisions on other divisions c. corporate executives reward managers based on firm profitability instead of divisional profitability d. corporate executives cannot tell when one divisional manager's decisions are appropriate or not
Refer to the following computer output from estimating the parameters of the nonlinear modelY = aRbScTdThe computer output from the regression analysis is: 
Based on the info above, which of the parameter estimates are statistically significant at the 90% level of confidence?
A. All the parameter estimates are statistically significant. B. â is not statistically significant, but all the rest of the parameter estimates are significant. C. All parameter estimates except â and b are statistically significant. D. c? is not statistically significant, but all the rest of the parameter estimates are significant.
Unemployment statistics are often criticized for
A. overstating the number of people out of work, because retirees are included in the statistics. B. understating the number people out of work, because full-time college students are excluded. C. understating the number of people out of work, because discouraged workers are excluded in the statistics. D. overstating the number of people out of work, because the unemployment statistics include all low-income workers.