If a Perfectly Competitive Firm Decreases Production from 11 Units

question 176

Multiple Choice

If a perfectly competitive firm decreases production from 11 units to 10 units and the market price is $20 per unit,total revenue for 10 units is:

• A)-$20.
• B)$20.
• C)$200.
• D)$210.

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Definitions:

Recognition

The cognitive process of identifying and acknowledging the familiarity of an object, concept, or piece of information from previous encounters.

Recall

The act of retrieving information or memories from one's past, a cognitive process within the broader memory system.

Distinctive

Characterized by qualities that set something or someone apart from others.

Discrete

Referring to distinct, separate, or non-continuous values or entities.