Marginal revenue from a given output:

A. The price at which the marginal unit sells

B. Total revenue sale of all units divided by volume of sales

C. Average revenue of total output average revenue of last unit

D. The change in total revenue resulting from the sale of one unit more of output

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. The market demand for any commodity is the:
  2. The isoquant which are generated by CES (constant elasticity of substitution) production function are…
  3. At high prices, demand is likely to be:
  4. The budget-line is also known as the:
  5. The cost of firms in cournot model are:
  6. A monopoly producer has:
  7. An exceptional demand curve is:
  8. The products, under monopolistic competition are differentiated, yet they are:
  9. If a ten percent increase in price causes a ten percent reduction in quantity demanded, elasticity of…
  10. In respect of which of the following category of goods is consumers surplus highest?
  11. The long-run average cost is based on the fact that:
  12. Karl Marx:
  13. The total utility (TU) curve is:
  14. The real income of a consumer is income in terms of:
  15. The horizontal demand curve for a commodity shows that its demand is:
  16. Law of variable proportions is based on the assumption of:
  17. In the perfect competition, there is a process of:
  18. Who stated explicitly for the first time the Law of Camparative Costs?
  19. The sufficient condition of firms equilibrium requires:
  20. In case of giffin good, price effect is:
  21. The marginal revenues are derivatives of:
  22. Identify the coefficient of price-elasticity of demand when the percentage increase in the quantity…
  23. An inferior good/ commodity is inferior for:
  24. For monopolistic competitive firm:
  25. Under perfect competition, at equilibrium, marginal cost is:
  26. A high value of cross-elasticity indicates that the two commodities are:
  27. Efficient allocation of resources is achieved to a greater extent under:
  28. For the given production function, technical efficiency is defined as:
  29. A significant property of the Cobb-Douglas production function is that the elasticity of substitution…
  30. The point where the supply and demand curves intersect on a graph determines: