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.
