When a firm hires an additional unit of labor, the increase in a firm's total revenues is known as the marginal:

You're buying snacks for an Econ Club meeting. You've been given $100 to spend on chips and soda. If bags of chips cost $3 each and Soda costs $1 each, how much of each can you buy?

A. 40 bags of chips and 10 sodas B. 10 bags of chips and 75 sodas C. 25 bags of chips and 25 sodas D. 30 bags of chips and 15 sodas

When a firm engages in price discrimination, it sets marginal revenue equal to marginal cost for each separate set of consumers.

Answer the following statement true (T) or false (F)