Answer:
<u>$35</u>
<u>Explanation</u>:
Note the formula:
Total revenue (TR)= Price (P) x Q and Marginal revenue (MR) = Change in TR / Change in Q
<u>Total Revenue for 2 units of output sold</u>
= 2 x $50 = $100
<u>Total Revenue for 3 units of output sold</u>
= 3 x $45 = $135
<u>The Marginal Revenue=</u>
Change in TR (135-100) / Change in quantity (3-2)
= $35/1
= <u>$35</u>
Therefore, the Marginal Revenue If the firm sells 3 units of output, will be $35.
B. The mean of its sampling distribution is equal to the true value of the parameter being estimated
Answer:
units is the closest thing
Explanation:
it's usually called departmentalization but units is the next thing
Interest rate? Repayment amounts? Length of time of loan? Smile on the face of the money lender? Might there be a little more to this quesition?
Answer:
a. either the economy must be producing a larger output of goods and services, or goods and services must be selling at higher prices, or both
Explanation:
Total Spending is the total values of goods & services produced & transacted ( bought, sold ) in an economy, during a period of time.
Total Spending = Price of goods,services x Quantity of goods,services
So, if the total spending increases : It implies that either the quantity of goods & services, or their prices, or both have increased. As, amount spent is a product of both of them.