When a Firm Expands Output from 10 to 11 Units

question 183

Multiple Choice

When a firm expands output from 10 to 11 units and total revenue increases from $100 to $110, marginal revenue of the eleventh unit is:

• A) $110.
• B) $11.
• C) $10.
• D) $210.

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Definitions:

Material well-being

The state of having sufficient material resources and wealth to lead a comfortable life, encompassing factors like income, assets, and access to goods.

Global warming

The gradual increase in Earth's average surface temperature, primarily due to the emissions of greenhouse gases from human activities.

Adaptation

The process of modifying to meet new, changing, or different conditions.