Total Revenue Is in Dollars and X Is the Number

question 121

Multiple Choice

Total revenue is in dollars and x is the number of units. Suppose that the total revenue function for a commodity is Find the marginal revenue at and tell what it predicts about the sale of the next unit. Round your answer to two decimal places. ​

• A)13.80. The selling of the next unit increases revenue by $13.80.
• B)12.60. The selling of the next unit increases revenue by $12.60.
• C)-414.00. The selling of the next unit decreases revenue by $414.
• D)-30.00. The selling of the next unit decreases revenue by $30.
• E)-15.00. The selling of the next unit decreases revenue by $15.

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Definitions:

Secondary Market Transaction

The buying and selling of previously issued securities, such as stocks and bonds, between investors, rather than directly from issuing companies.

Bond Issue

The process of issuing new bonds by a corporation or government to raise capital, involving the creation of new debt securities to be sold to investors.

Subordinated Debt

A type of borrowing that is ranked below other debts in terms of claims on assets or earnings.

Senior Debt

Debt that takes precedence over other unsecured or junior debt owed by the issuer in terms of the order of payment in the event of a liquidation.