Marginal Revenue Is a Firm's

question 216

Multiple Choice

Marginal revenue is a firm's:

• A)ratio of the change in total revenue to the change in output.
• B)ratio of average revenue to total revenue.
• C)profit per unit times the number of units sold.
• D)increase in profit when it sells an additional unit of output.

---

Definitions:

Slogans

Short, memorable phrases designed to encapsulate and promote the ideals, goals, or products of an entity.

Recency Effect

An effect that occurs when recently encountered information primarily influences attitudes (e.g., a commercial viewed just before shopping influences a shopper’s choices).

Primacy Effect

The idea that what we learn early colors how we judge subsequent information.

Delay

The act of postponing or slowing something down, causing it to occur later than previously planned or expected.