Hannahjacobs307go Hannahjacobs307go

Business

Answered

Mimi is granted a license to sell her unique Spirit Pins at local high school lacrosse games. When Mimi prices her pins at $10, she sells 20 pins per game. When she lowers her price to $8, she sells 40 pins. The additional money she earns from dropping her price is known as the __________.

a. Output effect
b. Price effect
c. Marginal revenue
d. Opportunity cost

Answer :

Ewomazinoadego Ewomazinoadego

Answer:

c

Explanation:

Marginal revenue is the change revenue when quantity sold increases by one unit

Marginal revenue = change in total revenue /change in quantity sold

Mimi's marginal revenue = $10 - $8 = $2

Answer Link

Go Teaching: Other Questions

Moritz Is Watching His Little Brother Play In A Mud Puddle. Moritz Notices That When His Brother Stirs It With A Stick, After A Few Moments The Dirt Settles Bac

What Is The Definition Of A "source" In Journalism? Another Newspaper Article A Journalist Who Is Informing Another Journalist As He Writes A Person Or Place Wh

Part A In The Story "Life On The Sea," How Does The Captain Mostly Feel When He Is On The Sea? Responses miserable miserable proud proud guilty guilty confident

Prokaryotes That Use Light For Their Energy Source And Co2 For Their Carbon Source Are Called _____.

8. One Achievement That Was Not President Theodore Roosevelt's Was a. American Neutrality In The First Years Of World War 1 b. Japanese-Russian Settlement c. En

If The Half-life Of A Radioactive Element Is 18 Days, What Percentage Of The Original Sample Would Be Left After 108 Days?.

Vasodilators Are Drugs That Dilate Blood Vessels By Acting Directly On Smooth Muscle Cells Through Non-autonomic Mechanisms And By: A. Are Useful In Treating So

One Of The Lines Below Has A Slope Of 1 And One Line Has A Slope Of 2. Which Line Has A Slope Of 1? k 7

Kate Wants To Install An In Ground Pool In Five Years. She Estimates The Cost Will Be $50,000. How much Should She Deposit Monthly Into An Account That Pays 1.

You Arrive At The Scene Of An 80-year-old Woman Who Is Weak And Lightheaded. Her Son, Who Called 911, Is Present And Asks You To Transport his Mother To The Hos

Match The Items In The Left Column To The Items In The Right Column. Muhammad Means Submission To God Islam Holy Book Of Islam Patrick Missionary To Ireland Kor

When A Highly Reactive Metal, Such As Lithium (Li), Is Mixed With A Highly Reactive Nonmetal, Such As Chlorine (Cl), They Will Most Likely Combine To Form Lithi