Average Revenue for a Perfectly Competitive Firm Is Equal to

question 225

Multiple Choice

Average revenue for a perfectly competitive firm is equal to

• A)price times output
• B)marginal revenue
• C)total revenue/marginal revenue
• D)output/total revenue
• E)zero

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Definitions:

Cyanate Ion

A negatively charged ion or anion with the formula OCN-, derived from cyanic acid.

Cyanide Ion

An anion with the formula CN−, known for its high toxicity, it can form various inorganic and organic compounds.

Sulfate Ion

A polyatomic anion with the empirical formula SO4^2- and is a common component of many minerals and chemicals.

Ionic Compound

A composition of ions united by the power of electrostatic interactions, identified as ionic bonding.