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lilaceel312Lv1
2 Mar 2018
For a monopolist, the marginal revenue gained when one more unit of output is sold is
a) the average revenue created by increased sales.
b) negative if price is above the mid point of the demand curve.
c) the price at which the extra unit is sold minus the loss in revenue that results from cutting the price on units sold previously.
d) equal to the price of products.
For a monopolist, the marginal revenue gained when one more unit of output is sold is
a) the average revenue created by increased sales.
b) negative if price is above the mid point of the demand curve.
c) the price at which the extra unit is sold minus the loss in revenue that results from cutting the price on units sold previously.
d) equal to the price of products.
akunuru639Lv10
14 May 2023
larryrambo777Lv10
12 Mar 2023
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2 Jun 2021
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