Answer: Marginal revenue is equal to price times quantity
Explanation:
A perfectly competitive market is a market where there's a large number of both the producers and the consumers have full and symmetric information.
In a perfectly competitive market, the marginal revenue is the same as price and the marginal revenue curve is the same as the demand curve facing sellers.
It should be noted that the statement that the marginal revenue is equal to price times quantity is incorrect. The total revenue is equal to price times quantity.
Answer:
A) a finance lease will cause debt to increase, compared to an operating lease
Explanation:
Hanif will supply less tutoring now, shifting supply to the left as he is expecting this price increase in the future.
<h3>What is a supply curve?</h3>
A supply curve, in economics, is a graphic illustration of the connection between product charges and the quantity of product that a vendor is inclined and able to supply.
Product price is measured on the vertical axis of the graph and the number of products provided on the horizontal axis.
Therefore, Hanif will supply less tutoring now, shifting supply to the left as he is expecting this price increase in the future.
learn more about supply curve here:
brainly.com/question/516635
#SPJ1
Answer:
B) change your promotional campaign
Explanation:
A company should advertise that it is the no.1 selling product X in the market
