Author Question: Average revenue is a. total revenue minus total cost b. total revenue divided by quantity of ... (Read 326 times)

waynest · **on:** Jun 30, 2018

Average revenue is
a. total revenue minus total cost
b. total revenue divided by quantity of output
c. total revenue divided by quantity of input
d. the change in total revenue divided by the change in output
e. the change in total revenue divided by the change in the quantity of an input used

Question 2

For a monopolist, as output expands, price and marginal revenue become more divergent (i.e., are farther apart).
a. True
b. False