Marginal revenue equals the change in total revenue that is earned by selling one more unit of output

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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Of the following sources of tax revenue for state and local governments, which was the smallest in 2014?

A) sales taxes. B) the corporate income tax. C) the individual income tax. D) the property tax.

Economics

When there are credit-market imperfections, an increase in government debt may be advantageous because it

A) discourages credit-constrained consumers from borrowing too much. B) allows credit-constrained consumers to consume more. C) eliminates the problems that cause credit-market imperfections. D) encourages more private saving.

Economics