Which of the following is true of marginal revenue?
a. Marginal revenue equals total revenue divided by quantity.
b. Marginal revenue is the slope of the supply curve of a firm.
c. Marginal revenue is the slope of the total cost curve when profit is maximized.
d. Marginal revenue equals the change in total revenue due to an additional unit of output.
e. Marginal revenue equals the income earned by selling stocks on the margin.
d
You might also like to view...
The amount of income that households keep after paying taxes is
A) personal income. B) personal disposable income. C) value added income. D) national income.
Errors-in-variables bias
A) is only a problem in small samples. B) arises from error in the measurement of the independent variable. C) becomes larger as the variance in the explanatory variable increases relative to the error variance. D) is particularly severe when the source is an error in the measurement of the dependent variable.