Marginal revenue for a monopolist is computed as
a. average revenue divided by quantity sold.
b. average revenue times quantity divided by price.
c. total revenue divided by quantity sold.
d. change in total revenue per one unit increase in quantity sold.
d
Economics
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Looking over the last six decades since 1950, how did the average U.S. unemployment rate during the 2000s compare to the other five decades?
What will be an ideal response?
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Exchange rates that are allowed to fluctuate in the open market in response to changes in supply and demand are known as
A) fixed exchange rates. B) gold exchange rates. C) flexible exchange rates. D) IMF exchange rates.
Economics