A firm's marginal revenue is defined as
a. the ratio of total revenue to total quantity produced.
b. the additional output produced by lowering price.
c. the additional revenue received due to technical innovation.
d. the additional revenue received when selling one more unit of output.
d
Economics
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A New Keynesian firm chooses
A) its selling price and how much it sells at that price. B) its selling price but not how much it sells at that price. C) how much it sells but not the selling price. D) neither how much it sells nor the selling price.
Economics
A rightward shift of a demand curve is called a(n)
a. increase in demand b. decrease in demand c. increase in quantity demanded d. decrease in quantity demanded e. increase in supply
Economics