In 2016, a Firm Produced 100 Units of Good X

question 71

Multiple Choice

In 2016, a firm produced 100 units of good X at $1. In 2017, the firm produced 200 units of good X at $0.5. Between 2016 and 2017, the total revenue of producing good X

• A)stayed constant
• B)increased.
• C)might increase, decrease, or stay constant.
• D)decreased.
• E)was equal to zero.

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Definitions:

Setting Caps

Devices or components used to cover or enclose the end of a tube, pipe, or connector, often for protective or sealing purposes.

U-joint

A universal joint, a flexible pivot point that transmits power allowing for variable angles between drive shafts.

Slide Hammer

A tool consisting of a sliding heavy weight mounted on a shaft, used to apply force in a specific direction without striking an object directly, often used in automotive repair for removing parts.