Marginal Revenue is
A) the increase in total revenue from selling one more unit of output.
B) equal to P(1+1/?).
C) equal to P when the price elasticity of demand is infinite.
D) All of the above.
D
Economics
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Industria specializes in the production of heavy machinery. It exports machinery to the rest of the world and imports oil from the Gulf countries. Based on this information, we can conclude that Industria is a(n) ________ economy
A) closed B) communist C) command D) open
Economics
The economy entered a recession in January of 2015, but GDP data alluding to the start of the recession was not published and analyzed by the Fed until July 2015. This exemplifies a(n)
A) recognition lag. B) implementation lag. C) impact lag. D) liquidity lag.
Economics