Which of the Following Statements About Marginal Revenue for a Perfectly

question 9

Multiple Choice

Which of the following statements about marginal revenue for a perfectly competitive firm is incorrect, where TR stands for total revenue, P stands for price, and q stands for output?

• A) \(M R = \frac { \Delta T R } { q }\)
• B) \(M R = P\)
• C) \(M R = \frac { \Delta T R } { \Delta q }\)
• D)Marginal revenue is the rate at which total revenue changes with respect to changes in output.

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A shape or form characterized by a four-sided polygon with at least one pair of parallel sides.