Author Question: Marginal revenue is: a. the additional cost incurred from producing one more unit of output. b. ... (Read 320 times)

dakota nelson · **on:** Jun 30, 2018

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.

Question 2

The main reason Sears Roebuck became the largest retailer in the United States during the late nineteenth century was that:
a. it reduced a host of transaction costs which allowed higher profits to shareholders and lower prices to customers.
b. the railroad network improved substantially and charged higher rates for transporting goods.
c. the lack of competition lowered the cost of advertising and increased profits for shareholders.
d. his organization only interacted with the best wholesalers, distributors, and shippers in the business.