If the Market Price Is $2 and a Perfectly Competitive

question 81

Multiple Choice

If the market price is $2 and a perfectly competitive firm is producing 1,000 units and the marginal cost to produce the 1,000th unit is $2, which of the following is true?

• A)The difference between marginal revenue and marginal cost (MR - MC)for the 500th unit is negative.
• B)The firm is not maximizing profit.
• C)The difference between marginal revenue and marginal cost (MR - MC)for the 500th unit is zero.
• D)The difference between marginal revenue and marginal cost (MR - MC)for the 500th unit is positive.

Recognize the critical periods for prenatal development and the impacts of environmental factors.

Identify the importance and function of major structures such as the placenta in prenatal development.

Describe the milestones and capabilities at different stages of development, including movements, viability, and physiological changes.

Acknowledge the impact of prenatal exposure to substances and diseases on the health and development of the fetus.

---

Definitions:

Linear Regression

A statistical method used to model the relationship between a dependent variable and one or more independent variables, assuming a linear relationship.

Independent Variable

The treatment variable that is manipulated or the predictor variable in a regression equation.

Repeated-Measures ANOVA

A type of analysis of variance that involves multiple measurements of the same individuals under different conditions.

Statistical Technique

A method used in the analysis of numerical data and the interpretation of statistical results.