Total revenue equals
A) price per unit times quantity sold. B) change in price per unit times quantity sold.
C) price per unit times quantity supplied. D) price per unit times change in quantity sold.
A
Economics
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Disposable personal income is equal to personal income minus personal tax payments
Indicate whether the statement is true or false
Economics
Earnings of a resource is termed as economic rent if:
a. it has a perfectly elastic demand. b. it has a perfectly elastic supply. c. it has a perfectly inelastic supply. d. it has a perfectly inelastic demand. e. it has no demand.
Economics