Author Question: When the price of a good is a constant, the marginal revenue per unit of output is the same as: a. ... (Read 11 times)

jlmhmf · **on:** Jun 30, 2018

When the price of a good is a constant, the marginal revenue per unit of output is the same as:
a. total revenue.
b. average total cost.
c. price.
d. quantity of output.
e. profit per unit.

Question 2

If a government tax has as its purpose the raising of revenue, it would be best to place the tax on a product which:
a. is a non-essential.
b. has a highly elastic demand.
c. has many good substitutes.
d. has a highly inelastic demand.
e. has a unit elastic demand curve.