A Firm's Total Revenue Function Is Given by R =

question 30

Multiple Choice

A firm's total revenue function is given by R = 100 + 10Q + 2Q2,where R = revenue and Q = quantity.Which of the following is true if Q = 10?

• A)The firm's total revenue is $400 and the marginal revenue is $10.
• B)The firm's marginal revenue is constant at $40.
• C)The average revenue of the firm is $50.
• D)The total revenue of the firm is $500.
• E)The marginal revenue of the firm is $50.

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Definitions:

Social Facilitation

When the mere presence of others improves performance.

Group Polarization

The phenomenon by which a group's prevailing attitudes or beliefs become more extreme following group discussions, as members tend to support more extreme positions.

Groupthink

A psychological phenomenon that occurs within a group of people in which the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Door-In-The-Face

A persuasion technique involving making a large, unreasonable request that is likely to be refused in order to increase the likelihood of agreement to a smaller request later.