If a Perfectly Competitive Firm Sells 10 Units of Output

question 141

Multiple Choice

If a perfectly competitive firm sells 10 units of output at $30 per unit,its marginal revenue is:

• A)$10.
• B)$30.
• C)more than $30.
• D)$300.

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Definitions:

Instrumental Learning

Also known as operant conditioning, it is a learning process through which the strength of a behavior is modified by reinforcement or punishment.

Biological Predispositions

Innate tendencies or propensities intrinsic to an individual's biology that may influence behaviors, traits, or disease vulnerabilities.

Learning Association

A process by which two pieces of information, or a behavior and a response, become linked in the mind or behavior of an individual.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior.