When a Perfectly Competitive Firm (That Sells Its Good for $18

question 109

Multiple Choice

When a perfectly competitive firm (that sells its good for $18 per unit) hires 1 unit of factor X it produces 35 units of output and when it hires 2 units of factor X it produces 55 units of output.Marginal revenue product of the second unit of factor X is equal to

• A) $20.
• B) $530.
• C) $265.
• D) $360.
• E) none of the above

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Definitions:

Hyperresonance

An abnormal loud sound heard over a hyperinflated area during percussion, indicative of conditions like emphysema.

Tympany

A medical term referring to a hollow, drum-like sound produced during percussion of a body part, often indicative of air in the abdominal cavity.

Percussion Notes

Sounds produced by tapping on the surface of the body, used in medical examination to assess the condition of the thorax or abdomen.

Distended Bladder

An enlarged bladder, typically resulting from an accumulation of urine due to an inability to empty fully.