The Graph Below Shows Demand and Marginal Cost for a Perfectly

question 33

Multiple Choice

The graph below shows demand and marginal cost for a perfectly competitive firm.If the firm is producing 100 units of output,increasing output by one unit would ______ the firm's profit by $______.

• A)increase,$3
• B)increase,$2
• C)decrease,$1
• D)increase,$1
• E)decrease,$2

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Definitions:

Upper Limit

The maximum allowable value or level in a given context, beyond which operation is either not recommended or not possible.

Sequencer Instruction

A programming command used within PLC programming to execute a series of instructions in a predefined order.

Binary Information

Data represented in a binary format, consisting of two possible values, often signified as 0 and 1.