Author Question: If there is an inverse relationship between variable x and variable y, then an increase in the value ... (Read 52 times)

kwoodring · **on:** Jun 29, 2018

If there is an inverse relationship between variable x and variable y, then an increase in the value of variable x will be accompanied by

A) an increase in the value of variable y.
B) a decrease in the value of variable y.
C) no change in the value of variable y.
D) variable y reaching its maximum value.

Question 2

Marginal revenue:

A) is the change in total revenue associated with producing one more unit of output.
B) is the product of the price of a good and its quantity sold minus the cost of production.
C) is always greater than the total revenue.
D) is always equal to the price of the good.