If the Price of a Firm's Product Is $10 and the Firm

question 141

Multiple Choice

If the price of a firm's product is $10 and the firm faces a constant marginal cost of $4 that is equal to its (constant) average total cost, the profit from selling a unit of the firm's product from its inventory is equal to ________ .

• A)$10
• B)$4
• C)$6
• D)$14

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Definitions:

Temperature

A physical quantity that expresses the subjective perceptions of hot and cold, measured with a thermometer.

Temperature Rises

An increase in the degree of heat present in a substance or environment, often measured in Celsius or Fahrenheit.

Pressure

The force exerted per unit area on the surface of an object, often measured in pascals (Pa) or atmospheres (atm).

Temperature Rises

An increase in the average kinetic energy of the particles in a substance, leading to an increase in its temperature.