Marginal revenue equals

A) total revenue divided by output.
B) price times quantity, divided by average revenue.
C) total revenue divided by average revenue.
D) the change in total revenue from selling one more unit.

D

Economics

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Give examples of factors that decrease aggregate demand. Which way does the aggregate demand curve shift?

What will be an ideal response?

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In the above figure, what is the profit-maximizing output and price?

A) 8, $7 B) 10, $8 C) 12, $10 D) 10, $10

Economics