1. Marginal revenue is
A) the incremental change in TR.
B) the change in TR / the change in Q.
C) the additional revenue from each additional Q demanded.
D) equal to the change in TR as long as the change in Q is equal to one.
E) all of the above answers are correct.
2. Where the MR crosses the x axis, this is
A) the P that should be charged.
B) the Q that should be produced.
C) the P that maximizes TR.
D) the Q that maximizes TR.
E) both the P and Q that maximizes TR.
3. With a monopoly when TR is maximized you know that
A) MR > 0.
B) MR = 0.
C) MR < 0.
D) MR = P.
E) MR = D.
Reffonomics High School eTextbook
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