Author Question: Marginal revenue is_____________. a. The total revenue gained from production b. The cost of ... (Read 32 times)

stevenposner · **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