subject
Business, 26.07.2019 00:30 Jackiecroce12

Which of the following statements is true about marginal revenue?
a) if marginal revenue is zero, it means that quantity demanded falls to zero when a firm changes its price.
b) if marginal revenue is negative, the additional revenue received from selling 1 more unit of the good is smaller than the revenue lost from receiving a lower price on all the units that could have been sold at the original price.
c) if marginal revenue is positive, the additional revenue received from selling 1 more unit of the good is smaller than the revenue lost from receiving a lower price on all the units that could have been sold at the original price.
d) marginal revenue increases as price falls and quantity sold increases.

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 15:40, arigamez90
Aprice control is: question 1 options: a)a tax on the sale of a good that controls the market price. b)an upper limit on the quantity of some good that can be bought or sold. c)a legal restriction on how high or low a price in a market may go. d)control of the price of a good by the firm that produces it.
Answers: 1
image
Business, 22.06.2019 18:00, firesoccer53881
If you would like to ask a question you will have to spend some points
Answers: 1
image
Business, 23.06.2019 11:20, jamyiaa93
In a hypothetical economy, a market basket consists of one laptop and two dvd players. in the base year, 2010, the price of a dvd player was $200, and the price of a laptop was $500. in 2015, the price of a dvd player was $380, and the price of a laptop was $750. the cpi for 2010 was
Answers: 3
image
Business, 23.06.2019 22:30, sarahcyberpony
The total combined lifetime value of a company's current and potential customers is called a. customer loyalty b. customer equity c. market share d. customer retention e. share of customer
Answers: 2
You know the right answer?
Which of the following statements is true about marginal revenue?
a) if marginal revenue is z...

Questions in other subjects:

Konu
Mathematics, 26.03.2021 21:40
Konu
Mathematics, 26.03.2021 21:40