Advertisements
Advertisements
Question
Revenue received from the sale of additional unit is termed as ________ revenue.
Options
profit
average
marginal
total
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.
Identify the formula of estimating average variable cost.
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.
Marginal revenue is the addition made to the
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.