Technically speaking, average revenue is
a. price × marginal revenue
b. total revenue/quantity
c. total revenue/total cost
d. marginal revenue/marginal cost
e. price × marginal cost
B
Economics
You might also like to view...
What two factors are the keys to determining labor productivity?
A) technology and the quantity of capital per hour worked B) the growth rate of real GDP and the interest rate C) the average level of education of the workforce and the price level D) the business cycle and the growth rate of real GDP
Economics
Based on Table 9.3, if values in the table are amended to reflect a net increase in U.S. foreign direct investment of 100, then the new balance for the capital account balance becomes
A) -75. B) -25. C) +25. D) +75. E) +225.
Economics