Answer: marginal revenue is positive and constant
When total revenue increases at an increasing rate, marginal revenue also increases. When TR is increasing at a constant rate, MR is constant. When TR is increasing at a decreasing rate, MR decreases and the MR curve falls. When TR falls, MR becomes negative.
If total revenue increases at a constant rate, which of the following is true about marginal...
Which of the following is true about the marginal tax rate? The marginal tax rate is calculated as the total amount of taxes paid divided by the taxable income. The marginal tax rate is the tax rate for the last dollar of income. The marginal tax rate is the tax rate applied to every dollar of income. The marginal tax rate always increases with a corporation's income.
QUESTION 15 Which of the following statements about production curves is NOT true? A. Average product cannot be negative B. Marginal product cannot be negative C. Total product cannot be negative D. Total product can increase or decrease as more of an input is used QUESTION 16 Last year, your construction company built 25 house using 50 tons of concrete. What is the average product of the concrete input? A. 2 houses per ton B. 0.5 houses per ton C....
QUESTION 1 Total revenue decreases as output increases whenever: a. marginal revenue is negative O b.marginal revenue is less than average revenue c. average revenue is decreasing O d.marginal revenue is greater than average revenue Oe. average revenue is negative
1. Which of the following must be true when average total cost is decreasing? Average fixed cost is increasing. Average variable cost is constant. Marginal cost is lower than avergae total cost. Marginal cost is decreasing. 2. Which of the following is true? AVC=ATC+AFC. AFC will go up in the beginning but will eventually go down. MC= (change in TC)/ (change in Q) FC+MC=TC. 3. Which of the following is true? Average product (AP) is increasing when the marginal product...
Ceteris paribus, when ticket prices fall: Total revenue product increases. Marginal revenue product decreases. Marginal revenue product increases. Marginal revenue product is unaffected.
For a monopolist, if marginal revenue is $40, total revenue is decreasing negative zero Positive Increasing
The law of diminishing marginal product of labor is demonstrated by which of the following? Total output increases at a decreasing rate as you increase the quantity of labor. O Total output increases only when you increase both labor and ovens. Total output declines as you increase the quantity of labor.
D 22. Which of the following is true for a firm that enjoys economies of scale? Marginal cost is increasing as output increases. Average total cost is falling as output increases. Marginal cost is constant as output increases. Marginal revenue is falling as output increases.
Use the following demand schedule to determine total revenue and marginal revenue for each possible level of sales. Instructions: Enter your answers as whole numbers. Product Price Quantity Demanded Total Revenue Marginal Revenue NNNNNN a. What can you conclude about the structure of the industry in which this firm is operating? The industry is purely monopolistic. The industry is purely oligopolistic. The industry is monopolistically competitive. The industry is purely competitive. b. Graph the total-revenue and marginal-revenue curves for this...
Consider total cost and total revenue, given in the following
table:
In the final column, enter profit for each quantity.
(Note: If the firm suffers a loss, enter a
negative number in the appropriate cell.)
Quantity
Total Cost
Marginal Cost
Total Revenue
Marginal Revenue
Profit
(Dollars)
(Dollars)
(Dollars)
(Dollars)
(Dollars)
0
6
0
1
8
7
2
10
14
3
13
21
4
17
28
5
24
35
6
32
42
7
42
49
In order to maximize profit, how...