Marginal Revenue Is Equal To

question 93

Multiple Choice

Marginal revenue is equal to:

• A)the change in price divided by the change in output.
• B)the change in quantity divided by the change in price.
• C)the change in P x Q due to a one unit change in output.
• D)price, but only if the firm is a price searcher.

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Definitions:

Voidable

Describes a legal transaction or agreement that may be nullified or rescinded by one or more parties.

Released

The action of freeing someone or something from a constraint, obligation, or legal liability.

Obligations

Duties or commitments that an individual or entity is legally or morally bound to fulfill.

Executory Contract

An agreement between parties that has not yet been fully performed or completed by one or more parties.