Marginal revenue is defined as
a. total revenue divided by quantity
b. total revenue minus total cost
c. the change in total revenue divided by the change in quantity
d. the change in total revenue divided by quantity
e. the change in total revenue
C
Economics
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The opportunity cost of going to college is best measured by the
a. cost of room and board b. cost of tuition c. cost of room and board plus tuition d. income forgone by not working, plus tuition e. income forgone by not working, plus tuition and room and board
Economics
Prices in an oligopoly industry tend to be higher than in a competitive industry
Indicate whether the statement is true or false
Economics