Marginal revenue is
a. total revenue minus total cost
b. total revenue divided by quantity of output
c. the change in total revenue divided by the change in output
d. the change in total revenue divided by the change in the quantity of an input used
e. economic profit
C
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Trade between two countries can benefit both countries if
A) each country exports that good in which it has a comparative advantage. B) each country enjoys superior terms of trade. C) each country has a more elastic demand for the imported goods. D) each country has a more elastic supply for the exported goods. E) each country produces a wide range of goods for export.
Banks act as financial intermediaries by: a. bringing together car buyers and auto dealers
b. bringing together real estate brokers and home buyers. c. printing money for all to use. d. serving the credit needs of borrowers and the security needs of savers. e. selling shares of stock to investors.