If a Perfectly Competitive Firm Sells 10 Units of Output

question 169

Multiple Choice

If a perfectly competitive firm sells 10 units of output at a market price of $5 per unit, its marginal revenue per unit is:

• A) $5.
• B) $50.
• C) more than $5 but less than $50.
• D) less than $5.

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Definitions:

Reabsorption of Water

The process by which water is taken back into the body from the filtrate during urine formation, primarily occurring in the kidneys.

ADH

Antidiuretic hormone, also known as vasopressin, a hormone produced by the pituitary gland that regulates water balance in the body by decreasing urine production.

Parathyroid Hormone

A hormone secreted by the parathyroid glands that regulates calcium and phosphate levels in the blood.

Hyperthyroidism

A condition where the thyroid gland is overactive and produces excessive amounts of thyroid hormones, leading to various metabolic disturbances.