Advertisements
Advertisements
Question
Revenue received from the sale of additional unit is termed as ________ revenue.
Options
profit
average
marginal
total
Advertisements
Solution
Revenue received from the sale of additional unit is termed as marginal revenue.
APPEARS IN
RELATED QUESTIONS
What do the short run marginal cost, average variable cost and short run average cost curves look like?
At which point does the SMC curve intersect SAC curve? Give reason in support of your answer.
The cost per unit of output is denoted by _________ cost.
Identify the formula of estimating average cost.
Find total cost where TFC=I00 and TVC = 125.
Revenue received from the sale of products is known as _______ revenue.
State the relationship between AC and MC.
Discuss the short-run cost curves with suitable diagram.
If total cost = 10+Q3, find out AC, AVC, TFC, AFC when Q=5.
Which cost remains unchanged when production increases or decreases?
In the short run, what happens to fixed costs if a company produces more units?
Which cost changes when output changes in the production process?
What can help students understand cost behaviour more easily?
