Marginal revenue is the change in:
a. total profit brought about by selling one more unit of output.
b. price brought about by selling one more unit of output.
c. total revenue brought about by selling one more unit of output.
d. output brought about by a $1 change in product price.
e. average revenue brought about by selling one more unit of output.
c
Economics
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Katie has a choice of spending $6.00 for another hamburger, which has a marginal utility of 30, or $9.00 for another pizza. For her to choose the pizza, it would have to have a marginal utility of at least
A) 9. B) 30. C) 31. D) 46.
Economics
The total dollar amount of excise taxes people pay each year depends on ______.
a. income level b. purchases of certain products c. net worth d. returns from investments
Economics