Which of the following equals the ratio of the change in total revenues over the change in output?
A) total cost
B) average revenue
C) demand
D) marginal revenue
Answer: D
You might also like to view...
Why were many U.S. citizens against the Second Bank of the United States, which was an attempt by Congress to restore order in the monetary system in 1816?
(A) Citizens feared that a central bank placed too much power in the hands of the federal government. (B) Citizens believed that the Federal Reserve Districts were not assigned appropriately. (C) Citizens feared that there could be a reoccurrence of "The Panic of 1807." (D) Citizens believed that the states should not be given power over the banking system.
If the price of flash memory cards increases, then there will be ________ of flash memory cards
A) a decrease in the supply B) an increase in the supply C) an increase in the quantity supplied D) a decrease in the quantity supplied