Marginal Revenue

question 27

Multiple Choice

Marginal revenue

• A)is the change in total revenue when output increases by one unit.
• B)is always greater than zero.
• C)measures the slope of the total revenue curve.
• D)both a and c
• E)all of the above

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Definitions:

Master Production Schedule

A detailed plan that outlines exactly what is to be produced, in what quantities, and when, serving as a key component in the manufacturing planning process.

Continuous Operations

Business processes or production systems that run 24/7 without interruption, typically found in industries like manufacturing, utilities, and digital services.

Stock-To-Forecast

A strategy or process that involves aligning inventory levels with future sales forecasts to ensure availability of products while minimizing excess inventory.

Master Production Schedule

is a plan for individual commodities to be produced in each time period, including quantity, production start, and end dates.