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 146 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
Excellent

rachel

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

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%.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Mendel's breeding program that produced a 9 : 3 : 3 : 1 ratio Mendel's breeding program that produced a 9 : 3 : 3 : 1 ratio
Review Bundling, Add-on Codes, and Quantity Edits Review Bundling, Add-on Codes, and Quantity Edits
The oxygen sensor provides a quick response at the stoichiometric air–fuel ratio of 14.7:1. The oxygen sensor provides a quick response at the stoichiometric air–fuel ratio of 14.7:1.
What is the total number of valence electrons in a silicate ion, SiO32-? What is the total number of valence electrons in a silicate ion, SiO32-?
A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ... A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ...
Laboratory-Produced Protocells Laboratory-Produced Protocells
Video: Role of the urinary system - acidosis and alkalosis

For a complete list of videos, visit our video library