Average revenue is equal to
a. TR/Q.
b. (P × Q)/P.
c. TR × Q
d. All of the above are correct.
a
Economics
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If substantial income mobility is present, then there is considerable movement of individuals up and down the income ladder over time
a. True b. False Indicate whether the statement is true or false
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A single price monopoly that faces the demand curve P = 10 - Q and profit maximizes by reducing price from $6 to $5 must have a marginal cost of 
A. 10. B. 6. C. 1. D. 5.
Economics