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:

Employment

A state of having a paid job or occupation, contributing to an economy's workforce.

Anticipated Inflation

Inflation that is expected to occur in the future, as predicted by current economic indicators and analysis.

Unanticipated Inflation

Inflation that occurs when the actual rate is not what was expected, causing uncertainty and potential issues for businesses and consumers.

Nominal Interest Rate

The rate of interest charged on loans or paid on savings before adjusting for inflation, reflecting the face value rate.