The additional output that results from employing one more unit of a productive input is the marginal product. The gain in total revenue from selling one more unit of output is the marginal revenue. A marginal revenue product exists for any level of output; it is not limited to the level ...
A. less than the price of the product. B. equal to the price of the product. C. greater than the price of the product. D. greater than, equal to, or less than the price of the product, depending on the particular circumstances. E. not determinable F. rom the above information. ...
Instructor:HirofumiShimizuEconomics101Section8ThirdMidtermExamFall1999Exam3AMarktheonebestanswertoeachofthefollowing30multiplechoicequestionsontheanswersheet.Besuretomarktheanswerbythecorrespondingquestionnumberontheanswersheet.Donotmakeanystraymarksonyouranswersheet.1.Themarginalrevenueproductoflabor(MRPL)is(a)the...
Any revenue over and above total cost is labeled economic profit. a. true b. false True or false? If its marginal revenue is less than its marginal cost, a firm should reduce its output product. When an increase in marginal productivity increases workers' no...
a. Find the marginal revenue when 100 machines are produced?b. Use the functionto estimate the increase in revenue that will result from increasing production from 100 mac...题目过长已省略部分信息相关知识点: 试题来源: 解析 a. 首先,我们对收入函数 求导,以得到边际收入函数 。 当 时,边际收入 ...
When marginal revenue equals marginal cost, the firm A.should increase the level of production to maximize its profit.B.may be minimizing its losses, rather than maximizing its profit.C.must be generating positive economic profits.D.must be generating positive accounting profits.相关知识点: ...
aA monopoly is a firm that is the sole seller in its market. 独占是单一卖主在它的市场上的企业。[translate] aA monopoly’s marginal revenue is always less than the price of its good. 独占的边际收入比价格总是较少的它好。[translate]
ahow big is your bird 开始[translate] aIt's you, come in! 它是您,进来![translate] aquantitative demand analysis 定量需求分析[translate] aown price 拥有价格[translate] aMarginal Revenue and the Own Price Elasticity of Demand 边际收入和拥有需求价格弹性[translate]...
Of course, marginal utility depends on the consumer and the product being consumed. This is an important concept for companies that have a diverseproduct mix. Imagine your favorite coffee shop. If the shop only marketed a single product, consumers would likely grow tired of that product; its ...
For a profit-maximizing firm, the price level equals its marginal revenue (MR) when ___. (a)in an oligopolistic market. (b)in a monopolistic situation. (c)in a perfectly competitive market. (d)sales rise with the increase in price level. 相关知识点: 试题来源: 解析 C 反馈 收藏 ...