Average revenue is a. total revenue minus total cost b. total ...

[waynest]

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

[Sweetkitty24130]

Answer to Question 1

B

Answer to Question 2

A

[waynest]

YES! Correct, THANKS for helping me on my review

[amit]

Thanks for the timely response, appreciate it