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Author Question: If there is an inverse relationship between variable x and variable y, then an increase in the value ... (Read 63 times)

kwoodring

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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.


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ryhom

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

B

Answer to Question 2

A


kwoodring

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

epscape

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Reply 3 on: Yesterday
Excellent

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