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

Author Question: Marginal revenue is a. total revenue minus total cost b. total revenue divided by quantity of ... (Read 355 times)

sdfghj

  • Hero Member
  • *****
  • Posts: 552
on: Jun 30, 2018
Marginal revenue is
 a. total revenue minus total cost
  b. total revenue divided by quantity of output
  c. the change in total revenue divided by the change in output
  d. the change in total revenue divided by the change in the quantity of an input used
  e. economic profit

Question 2

Suppose it costs Minnie's Mini-Golf (a monopolist) not a penny more to let another person on the course. If Minnie's faces a linear (downward-sloping) market demand curve, it will maximize profit by choosing the point on the demand curve at which
 a. marginal revenue is greatest
  b. price elasticity is unit elastic
  c. price elasticity is inelastic
  d. price exceeds average total cost by the greatest amount
  e. price exceeds marginal cost by the greatest amount


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

leahchrapun

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


sdfghj

  • Member
  • Posts: 552
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

vickyvicksss

  • Member
  • Posts: 351
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Lake 226 at the Experimental Lakes Area divided in half. Lake 226 at the Experimental Lakes Area divided in half.
Anterior view of abdomen divided by quadrants Anterior view of abdomen divided by quadrants
World Total Energy Consumption by Fuel Type World Total Energy Consumption by Fuel Type
Does It Cost More to Eat Healthy? Does It Cost More to Eat Healthy?
Desired Fertility versus Total Fertility Rate in Developing Countries Desired Fertility versus Total Fertility Rate in Developing Countries
Cost Accounting 14 Cost Accounting 14
Video: Energy Flow - Trophic Levels and Food

For a complete list of videos, visit our video library