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Author Question: Marginal revenue is defined as a. total revenue divided by quantity b. total revenue minus total ... (Read 285 times)

rosent76

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on: Jun 30, 2018
Marginal revenue is defined as
 a. total revenue divided by quantity
  b. total revenue minus total cost
  c. the change in total revenue divided by the change in quantity
  d. the change in total revenue divided by quantity
  e. the change in total revenue

Question 2

The demand curve facing a single-price monopolist
 a. is the same as its average revenue curve
  b. is the same as its marginal revenue curve
  c. is the same as the perfect competitor's demand curve
  d. lies above its average revenue curve
  e. lies below its marginal revenue curve


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yasmin

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

A


rosent76

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  • Posts: 516
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

bassamabas

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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