Which of the Following Is True of Marginal Revenue

question 27

Multiple Choice

Which of the following is true of marginal revenue?

• A)Marginal revenue equals total revenue divided by quantity.
• B)Marginal revenue is the slope of the supply curve of a firm.
• C)Marginal revenue is the slope of the total cost curve when profit is maximized.
• D)Marginal revenue equals the change in total revenue divided by the change in the quantity.
• E)Marginal revenue equals the income earned by selling the stocks on the margin.

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Definitions:

DVD Players

Electronic devices designed to play discs using the Digital Versatile Disc (DVD) format, often used for movies and other digital content.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price in a market.

Unregulated Market

A market where economic activities are freely carried out without governmental intervention in terms of prices, production, and distribution.

Shortage

A situation where the demand for a product or service exceeds the supply available at a specific price.