Total Revenue and Marginal Revenue

Q.

What happens when marginal utility is zero?

Q.

What happens when marginal utility is zero?

Q.

The Demand Curve for Foreign Exchange Is

Q.

What happens when marginal utility is zero?

Q. The rate at which TU changes is indicated by ________.

1. TU
2. MU
3. none of these
4. both (a) and (b)

Q. If the prevailing market price is above the equilibrium price, explain its chain of effects.

Q.

If a store has a “buy one, get one free” sale and an item costs $\$10$, what is the marginal cost of the second item?

1. $\$7.50$

2. $\$10$

3. $\$5$

4. $\$15$

5. $\$0$

Q. If the monopoly price is greater than the average costs, the firm ____________.

1. earns monopoly profits
2. suffers losses
3. earns normal profits
4. earns either profit or loss