« previous next »

Author Question: Consumer surplus increases when the market price of a commodity declines. Indicate whether the ... (Read 68 times)

karateprodigy

  • Hero Member
  • *****
  • Posts: 550
on: Jun 30, 2018
Consumer surplus increases when the market price of a commodity declines.
  Indicate whether the statement is true or false

Question 2

Which of the following is true of marginal revenue?
 a. Marginal revenue equals total revenue divided by quantity.
  b. Marginal revenue is the slope of the supply curve of a firm.
  c. Marginal revenue is the slope of the total cost curve when profit is maximized.
  d. Marginal revenue equals the change in total revenue due to an additional unit of output.
  e. Marginal revenue equals the income earned by selling stocks on the margin.


yahahah24021

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

T

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ... Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ...
Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ... Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ...
Dose-response relationship. As the dose of a drug increases, a maximal response or plateau is ... Dose-response relationship. As the dose of a drug increases, a maximal response or plateau is ...
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Video: Role of the respiratory system - effect of altered ventilation rates

For a complete list of videos, visit our video library