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lawyer [7]
3 years ago
14

Which of the following statements is true about marginal revenue?

Business
1 answer:
shutvik [7]3 years ago
5 0

Answer: Option B

Explanation: Marginal revenue is the additional revenue from selling one more unit.

A. Marginal revenue equals zero means there is no additional revenue from selling one more unit, the demand could be positive.

B. Negative marginal revenue shows that the  revenue earned from selling additional unit is less than the additional unit sold before.

C. Positive marginal revenue shows that the revenue earned from selling additional unit is more than the additional unit sold before.

D. Marginal revenue increases when price and quantity both increases.

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The purchase price and all costs to bring an asset to its desired condition and location for use should be ________.
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Answer:

b. capitalized

Explanation:

The purchase price and all costs to bring an asset to its desired condition and location for use should be capitalized.

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High SchoolBusiness7 days ago Canada has a market economy. As such, Canada's economy (relative to centrally planned economies) t
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D) productive efficiency and allocative efficiency but not necessarily equity.

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Countries that have a market economy are capitalistic countries and those that favor command economies (centrally planned) are called socialist countries. No country is totally capitalistic (since governments, taxes, regulations, etc., exist), and no country is totally socialist either. But countries are classified depending on which economic system they favor.

Canada favors free markets, and by doing so, it allows market forces to allocate resources. Consumers are free to decide what to buy and at what price, and producers are free to decide what to sell and at what price. Since private actors are free to decide how to allocate resources, they are allocated more efficiently.

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The purpose for holding money in economic in classified into:

  • transactional motive
  • precautionary motive
  • speculative motive

<h3>The Drop-downs includes:</h3>
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  • When interest rates are low, people forgo interest income - Speculative motive

  • When aggregate income is high, people hold cash to buy goods that are plentiful and cheap - Transactional motive.

  • When interest rates are low, people speculate that they will soon increase - Speculative motive

  • Andy decided to hold his money in cash, as he did not earn sufficient money as income from interest. - Speculative motive

  • Ben is a consumer and decides not to purchase luxury items because they are too expensive - Speculative motive

  • Chad thinks it to be a good opportunity to buy the products from the market as the supply has increased. - Transactional motive

  • Daphne is holding onto her money as she feels that the interest rate will go up soon - Speculative motive

Read more about holding motives

<em>brainly.com/question/16287958</em>

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2 years ago
What does an investment bank do?
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<span>An investment bank is a financial institution that assists individuals, corporations, and governments in raising financial capital by underwriting or acting as the client's agent in the issuance of securities.</span>
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3 years ago
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