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Author Question: Refer to Scenario 1-4. Using marginal analysis terminology, what is another economic term for the ... (Read 26 times)

yoroshambo

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on: Jun 29, 2018
Refer to Scenario 1-4. Using marginal analysis terminology, what is another economic term for the incremental revenue received from the sale of the last 500 cigars?
 
  A) sales revenue B) gross earnings C) gross profit D) marginal revenue

Question 2

If the price of refillable butane lighters was to decrease, then
 
  A) the quantity of butane demanded would increase.
  B) the demand for butane would decrease.
  C) the demand for butane would increase.
  D) the quantity of butane demanded would decrease.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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Joc

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


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