If Total Revenue Is Increasing as Output Is Rising,then

question 18

Multiple Choice

If total revenue is increasing as output is rising,then

• A)marginal revenue must be equal to zero.
• B)marginal revenue must be greater than zero.
• C)marginal revenue must be less than zero.
• D)price must be increasing.
• E)price must be constant.

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Definitions:

Sales Estimates

Projections or predictions about the future sales revenue of a business within a certain period, based on historical data, market analysis, and other factors.

Bottom-Up Process

The bottom-up process is an approach to planning or decision-making that starts at the operational or tactical level and proceeds upwards, allowing decisions to be made based on detailed data and observations.

Desired Inventory

Desired inventory refers to the optimal amount of stock a business aims to maintain to meet expected demand without incurring excessive carrying costs or stockouts.

Budgeted Purchases

The projected amount of goods or services a business plans to buy over a certain period, usually as part of its budgeting process.