Marginal revenue measures the change in
a. output generated by a change in price
b. price generated by a change in output
c. output generated by hiring one more factor of production
d. total revenue generated by a change in price
e. total revenue generated by a change in output
E
You might also like to view...
A country's current account
A) balance equals the change in its net foreign wealth. B) balance equals the change in its foreign wealth. C) surplus equals the change in its foreign wealth. D) deficit equals the change in its foreign wealth. E) balance equals its GNP.
The crowding out effect of expansionary fiscal policy when the money supply is not increased is confirmed by
A) the Keynesian econometric models only. B) the Monetarist models only. C) both the monetarist and Keynesian econometric models. D) neither the Monetarist nor the Keynesian econometric models.