--%>
Assignment Help - homework help

Marginal revenue in selling extra unit of output

The price a firm acquires from selling an extra unit of output, minus any revenue lost when price should be reduced in all other units sold, equals: (1) average revenue. (2) marginal profit. (3) mark-up price. (4) marginal revenue. (5) total revenue.

Hello guys I want your advice. Please recommend some views for above Economics problems.

   Related Questions in Microeconomics

  • Q : Consuming equal successive units of good

    The idea that additional satisfaction ultimately declines from consuming equivalent successive units of any good is the law of: (1) Consumer deficits. (2) Equivalent marginal utilities per dollar. (3) Diminishing marginal utility. (4) Veblen’s inequality. (5) Co

    		•
  • Q : Define Inferior good Inferior good : It

    Inferior good: It is a good for which, other things equivalent, a rise in income leads to a reduction in demand.

    		•
  • Q : Problem onto market circular flows In

    In output markets, the simple circular flow model, households replace their _________ for _________.Can someone help me in determining the right answer from the given options. (1) Resources | income. (2) Labor | goods. (3) Income | goods. (4) Go

    		•
  • Q : Problem on Decisions at the Marginal

    The least clear illustration of how decisions are generally at the margin would be: (i) A floral shop hiring an additional clerk and opening earlier in hopes of increasing revenues by half. (ii) Eating less whenever the menu is a-la-carte than at an ‘all-you-can

    		•
  • Q : Purely competitive market at

    For a purely competitive market at any equilibrium point on the short-run supply curve: (w) all firms have identical marginal costs. (x) economic profit is positive. (y) accounting profit is normal. (z) marginal revenue = average cost.

    Q : Unitarily price elastic supply for

    Supply is unitarily price elastic for all quantities and prices upon: (i) supply curve S1. (ii) supply curve S2. (iii) supply curve S3. (iv) supply curve S4. (v) supply curve S5.

    Q : Relatively price inelastic demand For

    For Cournot’s Spring Water the demand is relatively price inelastic at: (i) point a. (ii) point b. (iii) point c (iv) point d. (v) point e.

    Q : Minimum legal price in intersection of

    When a minimum legal price of a good is set below the intersection of the supply and demand curves there will be: (1) shortages and pressures for decreases in price. (2) pressures for increases in price and the emergence of black mark

    		•
  • Q : Demand and supply influences

    Changes in both demand and supply of a commodity might or might not influence its equilibrium price. Describe.

    		•
  • Q : Market in equilibrium point by interest

    When this market is primarily in equilibrium at point c, any drop within interest rates caused through an increase in people’s willingness to save will cause as: (1) the rate of return schedule reflected into I0 to shift to the

    		•