Revenue added via selling an additional unit of output
The revenue added through selling an additional unit of output is: (w) demand elasticity. (x) average profit rate. (y) supply elasticity. (z) marginal revenue. How can I solve my Economics problem? Please suggest me the correct answer.
The revenue added through selling an additional unit of output is: (w) demand elasticity. (x) average profit rate. (y) supply elasticity. (z) marginal revenue.
How can I solve my Economics problem? Please suggest me the correct answer.
Marginal rate of transformation: This is the amount of one good which should be given to generate one additional unit of a second good. This is also termed as marginal opportunity cost.
Meaning of tax: Tax is a legally compulsory payment imposed on the people by the government. There are two kinds of taxes: Direct taxes and Indirect taxes.
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