Consider the Price and Quantity Data Below for a Perfectly

question 52

Multiple Choice

Consider the price and quantity data below for a perfectly competitive firm producing mousetraps.
TABLE 9-1
-Refer to Table 9-1.If this firm is producing 1250 mousetraps,its total revenue is ________,its average revenue is ________ and its marginal revenue is ________.

• A)$5; $5; $5
• B)$6250; $250; $5
• C)$1750; $250; $5
• D)$5000; $5; $250
• E)$6250; $5; $5

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Definitions:

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A tool used in service design to visualize the service process, points of customer contact, and the physical evidence of a service from a customer's perspective.