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Author Question: An increase in the price of Kellogg's breakfast cereal is likely to shift the demand curve for ... (Read 58 times)

sam.t96

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on: Jun 30, 2018
An increase in the price of Kellogg's breakfast cereal is likely to shift the demand curve for cereal manufactured by Malt-O-Meal to the right.
  Indicate whether the statement is true or false

Question 2

Marginal revenue of nth unit of output is:
 a. total revenue of (n+1)th unit minus total revenue of nth unit.
  b. total revenue of nth unit minus total revenue of (n-1)th unit.
  c. total revenue of (n+1)th unit minus total revenue of (n-1)th unit.
  d. the sum of total revenue of (n+1)th unit and nth unit.
  e. the sum of total revenue of (n+1)th unit and (n-1)th unit.


yuyiding

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

T

Answer to Question 2

b


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sam.t96

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Reply #2 on: Jun 30, 2018
Thank you :)


yuyiding

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Reply #3 on: Jun 30, 2018
Happy to help you


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