In the long run; as individuals receive higher wages; it causes?

What is the firm’s marginal revenue?

The table below shows the total revenue schedule of a firm. Use the information to answer the question that follows Output (units) 50 60 70 80 90 Total revenue (TR) $ 85 102 119 136 153 A. $153.00 B. $17.00 C. $1.70 D. $O.80 Correct Answer: Option C = $1.70...
In the long run; as individuals receive higher wages; it causes?

What is the unit price of the firm’s output?

The table below shows the total revenue schedule of a firm. Use the information to answer the question that follows Output (units) 50 60 70 80 90 Total revenue (TR) $ 85 102 119 136 153 A. $10.00 B. $2.70 C. $2.00 D. $1.70 Correct Answer: Option D =...

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