Assume That When Price Is $20,quantity Demanded Is 9 Units,and

question 38

Multiple Choice

Assume that when price is $20,quantity demanded is 9 units,and when price is $19,quantity demanded is 10 units.Based on this information,what is the marginal revenue resulting from an increase in output from 9 units to 10 units?

• A)$20
• B)$19
• C)$10
• D)$1

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Definitions:

Consciousness

The awareness of oneself, one’s thoughts, feelings, and environment, distinct from but related to collective consciousness in its focus on the individual level of awareness.

Mind

The element of a person that enables them to be aware of the world and their experiences, to think, and to feel.

Generalized Other

A concept in sociology referring to the common behavioral expectations and attitudes of a society that individuals take into account in their actions.

Abstracted Individual

A theoretical concept that represents an individual as detached from social relations or context, often used in critiques of traditional economic and sociological theories.