Which of the Following Statements Is True About Marginal Revenue

question 19

Multiple Choice

Which of the following statements is true about marginal revenue?

• A)If marginal revenue is zero, it means that quantity demanded falls to zero when a firm changes its price.
• B)If marginal revenue is negative, the additional revenue received from selling 1 more unit of the good is smaller than the revenue lost from receiving a lower price on all the units that could have been sold at the original price.
• C)If marginal revenue is positive, the additional revenue received from selling 1 more unit of the good is smaller than the revenue lost from receiving a lower price on all the units that could have been sold at the original price.
• D)Marginal revenue increases as price falls and quantity sold increases.

Understand the psychological impact of hospitalization and illness on children and families.

Identify strategies for promoting safety and injury prevention among children and adolescents.

Understand the advantages of computerized accounting systems including error reduction and automatic record updating.

Identify and match accounting and finance terms with their correct definitions.

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Definitions:

Input File Stream

An object in C++ programming that allows for reading data from files as input operations.

Data File

A file that contains data, often structured in a way that is readable by a software program.

FILE Fp

A pointer in C programming language that refers to an external file, used for file operations like reading from or writing to files.

File Stream

An abstraction for reading from or writing to files on the disk.