An increase in the price of Kellogg's breakfast cereal is likely ...

[sam.t96]

An increase in the price of Kellogg's breakfast cereal is likely to shift the demand curve for cereal manufactured by Malt-O-Meal to the right.
  Indicate whether the statement is true or false

Question 2

Marginal revenue of nth unit of output is:
 a. total revenue of (n+1)th unit minus total revenue of nth unit.
  b. total revenue of nth unit minus total revenue of (n-1)th unit.
  c. total revenue of (n+1)th unit minus total revenue of (n-1)th unit.
  d. the sum of total revenue of (n+1)th unit and nth unit.
  e. the sum of total revenue of (n+1)th unit and (n-1)th unit.

[yuyiding]

Answer to Question 1

T

Answer to Question 2

b

[sam.t96]

Thank you

[yuyiding]

Happy to help you