Marginal revenue is:
a. the additional cost incurred from producing one more unit of output.
b. the addition to total profit from selling one more unit of output
c. the addition to total revenue from selling one more unit of output.
d. the addition to total output from hiring one more unit of labor.
c
Economics
You might also like to view...
The value of the CPI for the reference base period is always
A) 100. B) 0. C) 1. D) 50. E) None of the above, because the value of the CPI is not always the same for all reference base periods.
Economics
Gross Domestic Product (GDP) is defined as the market value of all goods and services purchased in the economy during a particular year
Indicate whether the statement is true or false
Economics