When a Certain Competitive Firm Produces and Sells 40 Units

question 32

Essay

When a certain competitive firm produces and sells 40 units of output, its total revenue is $740. If there is no change in price, then what is the amount of the firm's total revenue if it produces and sells 45 units of output?

Identify strategies for collaborative, interest-based conflict resolution in teams.

Understand the principles of fairness and equality and how they apply in group settings.

Recognize the role of contribution and need in determining fair resource allocation among teams.

Understand the dynamics of group behavior toward overly generous members.