Ask Question
BusinessBusiness
31 August, 20:46

For a price-taking firm, marginal revenue Select one: a. is the addition to total revenue from producing one more unit of output. b. decreases as the firm produces more output. c. is equal to price at any level of output. d. both a and b e. both a and c

+1
Answers (1)
  1. 31 August, 22:40
    0
    Answer: Option (e) is correct.

    Explanation:

    Correct Option: both a and c

    Marginal revenue is the amount that is added to the total revenue, this amount is created due to an additional unit of output produced by the firm.

    Price taking firms are the firms which operates in a perfectly competitive market. In this type of market condition, prices are determined by market forces. Hence, the constant prices will result in unchanged marginal revenue and thus it is horizontal to the x-axis at any given price level. Price level remains the same at any level of output.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “For a price-taking firm, marginal revenue Select one: a. is the addition to total revenue from producing one more unit of output. b. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Suppose that the adult population is 210 million, and there are 130 million who are employed and 5 million who are unemployed. Calculate the unemployment rate and the labor force participation rate.
Answers (1)
BETA Club secretary, honor roll, and Who's Who Among High School Students would all be listed under which résumé heading?
Answers (1)
Which is the most reliable source to support a paper on the proper care of peach trees? the article Peach Trees on a local university website the wiki Twenty Things to Know about Peach Trees the blog Peachy Peaches: 360 Days of Healthy Peaches the
Answers (2)
Phoenix Industries has pulled off a miraculous recovery. Four years ago it was near bankruptcy. Today, it announced a $2 per share dividend to be paid a year from now, the first dividend since the crisis.
Answers (1)
If productivity increases significantly and demand is not very elastic, what is likely to happen? A. The number of consumers will increase. B. Fewer workers will be needed. C. Division of labor will decrease. D. Demand will increase.
Answers (2)
New Questions in Business
Total government spending (federal, state, and local) sums to approximately: a. one-half of the U. S. economy. b. 40 percent of the U. S. economy. c. 20 percent of the U. S. economy. d. 10 percent of the U. S. economy.
Answers (1)
Suppose that you were going to conduct a survey of visitors to your campus. you want the survey to be as representative as possible. a. how would you select the people to survey? b. why would that be your best method?
Answers (1)
All of the following would cause the aggregate demand curve to shift except A. decreaseddecreased security about jobs and future income. B. a decreasea decrease in taxes. C. price level changes. D.
Answers (1)
Financial literacy refers to: a) How well you manage the financial stressors in your life. b) How well you understand and use personal finance information. c) How well you score on standardized measures of personal finance.
Answers (1)
Debbie is a Financial Planner and charges her clients on a commission basis. For a particular month, Debbie makes three deals of $40,000. If she charges 1% commission for each deal, what will be her commission for the month?
Answers (1)
Home » Business » For a price-taking firm, marginal revenue Select one: a. is the addition to total revenue from producing one more unit of output. b. decreases as the firm produces more output. c. is equal to price at any level of output. d. both a and b e.
Sign Up Forgot Password?