Question

4]
----------------is always expressed in relation to price, time and quantity
a) Stock
b) Total Output
c) Supply
d) Marginal Revenue​

Answer 1

d) marginal revenue

hope it helps you

Answer 2

Answer:

Marginal Revenue​

Explanation:

The increase in revenue that results from the sale with one extra output unit is referred to as marginal revenue. While marginal revenue can stay unchanged over a certain level of output, the law of diminishing returns dictates that it will ultimately slow down as output level increases. According to modern economics, perfectly competitive firms produce until marginal revenue equals marginal cost.

A company seeking to maximise profits will produce until the marginal cost corresponds the marginal revenue.

When marginal revenue begins to fall below marginal cost, firms typically conduct a cost-benefit analysis and halt production because selling a unit may cost more than what the company will obtain in revenue.

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