« previous next »

Author Question: Marginal revenue is the change in: a. total profit brought about by selling one more unit of ... (Read 37 times)

CharlieWard

  • Hero Member
  • *****
  • Posts: 578
on: Jun 30, 2018
Marginal revenue is the change in:
 a. total profit brought about by selling one more unit of output.
  b. price brought about by selling one more unit of output.
  c. total revenue brought about by selling one more unit of output.
  d. output brought about by a 1 change in product price.
  e. average revenue brought about by selling one more unit of output.

Question 2

Assuming the demand curve is more elastic (flatter) than the supply curve, which of the following is true?
 a. The full tax is always passed to the consumer no matter how flat (elastic) the demand curve is.
  b. The full tax is always passed to the seller no matter how flat (elastic) the demand curve is.
  c. The smaller the portion of a sales tax that is passed to the consumer.
  d. It does not make any difference how flat (elastic) the demand curve is; the tax is always split evenly between buyer and seller.


mjbamaung

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

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?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Cyanide works by making the human body unable to use oxygen.

As a result of this change, deoxyhemoglobin S As a result of this change, deoxyhemoglobin S
Mixing schematic Diagram CHE 415 unit operations experiment apparatus Mixing schematic Diagram CHE 415 unit operations experiment apparatus
Ice cores: Periods of rapid climate change especially in North Atlantic Ice cores: Periods of rapid climate change especially in North Atlantic
4 ways your breasts change after pregnancy "4 تغيّرات تطرأ على ثدييكِ ... 4 ways your breasts change after pregnancy "4 تغيّرات تطرأ على ثدييكِ ...
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Jason Isbell and the 400 Unit - If We Were Vampires Jason Isbell and the 400 Unit - If We Were Vampires
Video: Genetic terms Animation

For a complete list of videos, visit our video library