Assume that when price is $20, quantity demanded is 9 units, and when price is $19, quantity demanded is 10 units. Based on this information, what is the marginal revenue resulting from an increase in output from 9 units to 10 units?
A) $20
B) $19
C) $10
D) $1
C
Economics
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Cyclical unemployment is a part of the unemployment rate that refers to those workers who are: a. moving between jobs
b. no longer looking for a job because they are discouraged about their prospects. c. jobless due to the seasonal nature of their jobs. d. jobless due to a recession in the economy.
Economics
The mainstream view is that macro instability is caused by:
A. erratic growth of the nation's money supply. B. government interference in the economy. C. significant changes in investment spending. D. consumption "booms" and "busts."
Economics