Whether Marginal Revenue Is Constant or Decreasing Depends on

question 128

Multiple Choice

Whether marginal revenue is constant or decreasing depends on

• A)whether the firm is benefiting from the division of labor.
• B)whether the firm is dealing with diminishing returns.
• C)how much the firm sells.
• D)whether the firm faces competition.

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Definitions:

Business Ethics

Refers to a branch of ethical study that examines ethical rules and principles within a commercial context, the various moral or ethical problems that might arise in a business setting, and any special duties or obligations that apply to persons engaged in commerce.

Marketing Ethics

Refers to those ethical problems that are specific to the domain of marketing.

Corporate Social Responsibility

A business model where companies integrate social and environmental concerns in their operations and interactions with stakeholders.

Stakeholders

Individuals or groups with a direct or indirect interest in an organization and its activities, including employees, customers, suppliers, and investors.