Answer to Question #341994 in Microeconomics for Unknown

Question #341994

If marginal revenue is greater than average revenue, average revenue increases.

1. True

2. False

Expert's answer

1. True

Learn more about our help with Assignments: Microeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. The basic reason for the rising part of the short-run marginal cost curve is the declining part of t
2. The basic reason for the rising part of the short-run marginal cost curve is the declining part of t
3. The difference between the long and the short run in production and cost theory depends on the varia
4. If a firm has a total revenue of R80 000 per annum and economic cost of R110 000, it earns an econom
5. Both product curves and cost curves are based on the law of diminishing returns.1. True 2. False
6. If total cost increases, the marginal cost is positive.1. True2. False
7. Using arc method calculate the elasticity of demand for oranges when the pricerises from $2 to $3 Pr