1. Rivalrousness in consumtion menas that? (A)You are prevented from consuming t

Question

1. Rivalrousness in consumtion menas that?

(A)You are prevented from consuming the good or service

(B)You can not prevent from consuming a good or service service from non-payment

(C)You are a compator with other consumers in the market for goods and services

(D)You are not rivalus with other consumers in the market for goods and services

2.For a compeitive firm, Marginal revenue is

(A)equal to the price of the good sold

(B)avarage revenue devided by the the quantity sold

(C)Total Revenue devided by the quanitity sold

(D)equal to the quantity of the good sold

Explanation / Answer

(C)You are a compator with other consumers in the market for goods and services

(A)equal to the price of the good sold

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