Exhibit 23-1 -Refer to Exhibit 23-1.The Data in This Table Are Relevant

question 57

Multiple Choice

Exhibit 23-1

-Refer to Exhibit 23-1.The data in this table are relevant to a perfectly competitive firm because

• A) its total revenue is different at different levels of quantities sold.
• B) its total revenue is the same at all levels of quantities sold.
• C) it doesn't have to lower price to sell additional units of the product.
• D) marginal revenue is greater than price.

---

Definitions:

Mississippi River

A major river in the United States, flowing over 2,300 miles from its source in Minnesota to the Gulf of Mexico, and playing a key role in the ecology, economy, and history of North America.

Earth's Concentric Zones

Refers to the internal layers of the Earth, which include the crust, mantle, outer core, and inner core, arranged from surface to center.

Mantle

The thick layer of rock between the Earth's crust and core, playing a key role in tectonic movement and heat transfer.

Core

The innermost layer of the Earth, composed of an iron-nickel alloy and divided into a solid inner core and a liquid outer core.