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

Author Question: Average revenue is a. total revenue minus total cost b. total revenue divided by quantity of ... (Read 336 times)

waynest

  • Hero Member
  • *****
  • Posts: 553
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sweetkitty24130

  • Sr. Member
  • ****
  • Posts: 291
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


waynest

  • Member
  • Posts: 553
Reply 2 on: Jun 30, 2018
Excellent

xiazhe

  • Member
  • Posts: 331
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Menstrual cycle summary based on a 28-day (average) menstrual cycle. Menstrual cycle summary based on a 28-day (average) menstrual cycle.
Average Chemical Composition of the Geosphere Crust Average Chemical Composition of the Geosphere Crust
Review Bundling, Add-on Codes, and Quantity Edits Review Bundling, Add-on Codes, and Quantity Edits
Average Global Temperatures Average Global Temperatures
Cost of Laptops Cost of Laptops
Cost of Going to School Cost of Going to School
Video: Status Epilepticus

For a complete list of videos, visit our video library