This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When the price of a good is a constant, the marginal revenue per unit of output is the same as: a. ... (Read 37 times)

jlmhmf

  • Hero Member
  • *****
  • Posts: 552
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

meganmoser117

  • Sr. Member
  • ****
  • Posts: 303
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


jlmhmf

  • Member
  • Posts: 552
Reply 2 on: Jun 30, 2018
:D TYSM

Missbam101

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Trig Degrees/Radians unit circle Trig Degrees/Radians unit circle
A Motor Unit A Motor Unit
Are good deeds selfish? Are good deeds selfish?
The major cortical input and output pathways of the posterior parietal association cortex. Shown are ... The major cortical input and output pathways of the posterior parietal association cortex. Shown are ...
Factors that Increase Cardiac Output Factors that Increase Cardiac Output
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
Video: Hemoglobin's affinity with oxygen - carbon dioxide, temperature and bisphosphoglycerate (BPG)

For a complete list of videos, visit our video library