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

Author Question: Marginal revenue is defined as a. total revenue divided by quantity b. total revenue minus total ... (Read 287 times)

rosent76

  • Hero Member
  • *****
  • Posts: 516
on: Jun 30, 2018
Marginal revenue is defined as
 a. total revenue divided by quantity
  b. total revenue minus total cost
  c. the change in total revenue divided by the change in quantity
  d. the change in total revenue divided by quantity
  e. the change in total revenue

Question 2

The demand curve facing a single-price monopolist
 a. is the same as its average revenue curve
  b. is the same as its marginal revenue curve
  c. is the same as the perfect competitor's demand curve
  d. lies above its average revenue curve
  e. lies below its marginal revenue curve


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

yasmin

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

A


rosent76

  • Member
  • Posts: 516
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

nathang24

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Population predictions for 2000–2050, using three different total fertility rates ( Population predictions for 2000–2050, using three different total fertility rates (
Oceanic Crust Has a Well-defined Internal Structure Oceanic Crust Has a Well-defined Internal Structure
DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ... DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ...
Finding the length given total distance and distance longer than other point Finding the length given total distance and distance longer than other point
The coefficient of the restitution of an object is defined as the ratio of its outgoing to ... The coefficient of the restitution of an object is defined as the ratio of its outgoing to ...
Identify the variable representing each described quantity in the equation Identify the variable representing each described quantity in the equation
Video: Hormonal feedback loop components & Glucagon (glycogenolysis and gluconeogenesis)

For a complete list of videos, visit our video library