Marginal Revenue is equal to:
A. The change in price divided by the change in output.
B. The change in quantity divided by the change in price.
C. The change in P * Q due to a one unit change in output.
D. Price, but only if the firm is a price searcher.
Answer:C
Marginal Revenue is equal to:
A. The change in price divided by the change in output. B. The change in quantity divided by the change in price. C. The change in P * Q due to a one unit change in output. D. Price, but only if the firm is a price searcher.