If marginal revenue is negative then the revenue lost from receiving a lower price on all the units that could have been sold at the original price is smaller than the additional revenue from selling one more unit of the good

Indicate whether the statement is true or false

FALSE

Economics

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Increasing opportunity cost implies that

A) producing additional units of one good results in proportionately smaller reductions in the output of the other good. B) producing additional units of one good results in increasing amounts of lost output of the other good. C) the production possibilities frontier will be a straight line. D) the society will be producing inside its production possibilities frontier.

Economics

Agricultural subsidies in the United States are paid for by

a. consumers of the product b. taxpayers and consumers c. other industries d. special taxes e. import tariffs

Economics