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

Author Question: What is net marginal revenue? A) The same as marginal profit. B) The additional revenue the ... (Read 77 times)

newyorker26

  • Hero Member
  • *****
  • Posts: 536
on: Jul 1, 2018
What is net marginal revenue?
 
  A) The same as marginal profit.
  B) The additional revenue the firm earns from an extra unit of an internally produced intermediate input.
  C) The additional revenue the firm earns from producing one more unit of output.
  D) The additional revenue the firm earns from selling one more unit of output.

Question 2

Suppose the supply of farmland is infinitely inelastic and the demand for land is downward sloping but inelastic at the current equilibrium.
 
  If the supply curve shifts leftward (e.g., some farmland is permanently converted to other uses), what happens to the aggregate economic rents in this market?
  A) Decrease
  B) Increase
  C) Remain the same
  D) We do not have enough information to answer this question.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vseab

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

B

Answer to Question 2

B


newyorker26

  • Member
  • Posts: 536
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

okolip

  • Member
  • Posts: 362
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

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?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Osteoporosis. (a) A section through normal spongy bone. (b) A section through a bone with osteoporos Osteoporosis. (a) A section through normal spongy bone. (b) A section through a bone with osteoporos
Additional Disorders of the Skeletal System Additional Disorders of the Skeletal System
Standard precaution guidelines. Additional guidelines/protocols may be utilized depending on the ... Standard precaution guidelines. Additional guidelines/protocols may be utilized depending on the ...
SOHC engines usually require additional components such as a rocker arm to operate all of the ... SOHC engines usually require additional components such as a rocker arm to operate all of the ...
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ... Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ...
Video: Status Epilepticus

For a complete list of videos, visit our video library