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

Author Question: Marginal revenue is_____________. a. The total revenue gained from production b. The cost of ... (Read 62 times)

stevenposner

  • Hero Member
  • *****
  • Posts: 608
on: Jul 1, 2018
Marginal revenue is_____________.
 a. The total revenue gained from production
 b. The cost of producing an additional unit of output
  c. The revenue from selling an additional unit of output
  d. none of the above

Question 2

A Swiss watch company advertises its history of superior craftsmanship. The company thinks that this would
 a. Make the demand for the product less elastic
 b. Make the customers less sensitive to the price
 c. Assist them with differentiating their product
 d. All of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

diana chang

  • Sr. Member
  • ****
  • Posts: 288
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

d


stevenposner

  • Member
  • Posts: 608
Reply 2 on: Jul 1, 2018
Gracias!

meganmoser117

  • Member
  • Posts: 303
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Production-scale tangential flow filtration system. Production-scale tangential flow filtration system.
Role of Factors of Production in Determining Output per Worker, 2009 Role of Factors of Production in Determining Output per Worker, 2009
The Production Function The Production Function
Total Fitness and Wellness, Brief Edition, 4th Edition Total Fitness and Wellness, Brief Edition, 4th Edition
Cost of Going to School Cost of Going to School
Determination of the genotype of F2 plants by the production of F3 progeny Determination of the genotype of F2 plants by the production of F3 progeny
Video: Glucose anabolism reactions: Glycogenolysis and Gluconeogenesis

For a complete list of videos, visit our video library