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

Author Question: A firm's marginal revenue is defined as a. the ratio of total revenue to total quantity produced. ... (Read 68 times)

mrsjacobs44

  • Hero Member
  • *****
  • Posts: 500
on: Jul 1, 2018
A firm's marginal revenue is defined as
 a. the ratio of total revenue to total quantity produced.
  b. the additional output produced by lowering price.
  c. the additional revenue received due to technical innovation.
  d. the additional revenue received when selling one more unit of output.

Question 2

A firm's total revenue is equal to
 a. total quantity produced times marginal cost.
  b. total quantity produced times market price.
  c. marginal revenue times total quantity produced.
  d. market price divided by total quantity produced.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jmfn03

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

b


mrsjacobs44

  • Member
  • Posts: 500
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

ashely1112

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Recombinants are produced by crossovers Recombinants are produced by crossovers
The effective temperature, or black body temperature, of the Sun (5777 K) is the temperature a black The effective temperature, or black body temperature, of the Sun (5777 K) is the temperature a black
An AC voltage is produced by a magnetic sensor. Most sensors should produce at least 0.1 volt AC ... An AC voltage is produced by a magnetic sensor. Most sensors should produce at least 0.1 volt AC ...
The averaging of an auditory evoked potential. Averaging increases the signal-to-noise ratio. The averaging of an auditory evoked potential. Averaging increases the signal-to-noise ratio.
Types of ecosystem service vs. total global value per year Types of ecosystem service vs. total global value per year
Total radiative forcing ~1.63 Wm-2 Total radiative forcing ~1.63 Wm-2
Video: Factors that affect conduction rates (myelination, axon diameter & temperature)

For a complete list of videos, visit our video library