Question and answer
)The additional income from selling one more unit of a good, sometimes equal to price, is _____. (1point) (A)increasing marginal returns (B)marginal revenue (C)a variable(D)the marginal product of
labor
B) Marginal Revenue
Expert answered|jhehe|Points 75|
Question
Asked 6/16/2012 2:01:30 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
what happens when the price decreases in the case of a product that has elastic supply?
Weegy: The demand has decreased. (More)
Question
Expert Answered
Updated 6/16/2012 11:44:30 AM
1 Answer/Comment
There is a decrease in demand. So in order to attract more buyer the business has decreased the price. If there was more people buying the product then there would be an increase in demand. The business would take advantage of the increase of consumers by raising prices. However that is not the case here. This is a decrease in demand
Added 6/16/2012 11:44:30 AM
This answer has been added to the Weegy Knowledgebase
Rated good by sar2000, Rated good by sar2000, Rated good by sar2000, Rated bad by sar2000, Rated good by sar2000
what is the level of output every firm strives for? User: what is the level of output every firm strives for? A)when fixed cost and marginal cost are equal. B)when variable cost and marginal cost rise at the same rate. C)when marginal revenue equals marginal cost. D)when marginal revenue is greater than marginal cost.
Weegy: profit maximizing level of output User: that wasnt a selection a,b,c,or d please Weegy: B User: cool! Weegy: MISTAKE C IS THE CORRECT OPTION User: why would the supply curve of a dog walking business be considered elastic? A)because it can hir workers quickly if the price rises. B) becasue the demand for dog walking services flucuates. C) because the supply of dogs changes quickly. D) because the supply of dog walking isnt easily expanded or reduced. a,b,c,or d please :) Weegy: B) becasue the demand for dog walking services flucuates. User: nicee! (More)
Question
Expert Answered
Asked 6/16/2012 11:08:29 AM
0 Answers/Comments
if the supply of a good is elastic, which statement is true? A) the producer will increase the amount being produced if the price rises B) the producer is enjoying increasing marginal returns c) the producer will increase the amount being produced if the price falls D) the producer is experiencing diminishing marginal returns.
Weegy: B and D is not related as marginal return deals with the incremental return. the answer is A as it will be more profitable to supply elastic at the higher price. (More)
Question
Expert Answered
Asked 6/16/2012 11:43:20 AM
0 Answers/Comments
if sellers expect the price of a good to rise in the future, what are they likely to do? A) put more goods on the market immediately B) store goods now to sell more in the future C) raise their prices now D) set prices according to the law of demand
Weegy: Answer is B) if sellers expect the price of a good to rise in the future they store goods now to sell more in the future. (More)
Question
Expert Answered
Asked 6/16/2012 11:49:33 AM
0 Answers/Comments
a raise in the price of a product causes_ A) a decrease in competition B) an increase in demand C) an increase in competition D) a decrease in supply
Weegy: C) an increase in competition because if you are raising prices then consumers will begin looking elsewhere to buy the same product (More)
Question
Expert Answered
Asked 6/16/2012 11:46:34 AM
0 Answers/Comments
17,972,544 questions answered
Popular Conversations
Weegy Stuff
S
L
1
1
1
1
L
1
L
Points 2722 [Total 15097]| Ratings 0| Comments 2722| Invitations 0|Offline
S
L
1
L
P
C
1
P
C
1
L
Points 1649 [Total 11130]| Ratings 4| Comments 1609| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 899 [Total 13128]| Ratings 0| Comments 899| Invitations 0|Offline
S
L
Points 615 [Total 2014]| Ratings 0| Comments 615| Invitations 0|Offline
S
1
L
L
Points 527 [Total 6321]| Ratings 3| Comments 497| Invitations 0|Online
S
Points 482 [Total 482]| Ratings 0| Comments 452| Invitations 3|Offline
S
Points 454 [Total 455]| Ratings 6| Comments 394| Invitations 0|Offline
S
Points 277 [Total 277]| Ratings 1| Comments 267| Invitations 0|Offline
S
L
Points 48 [Total 1265]| Ratings 1| Comments 38| Invitations 0|Offline
S
P
C
L
P
L
1
Points 48 [Total 6282]| Ratings 0| Comments 48| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.