If a Competitive Firm Is Selling 900 Units of Its

question 50

Multiple Choice

If a competitive firm is selling 900 units of its product at a price of $10 per unit and earning a positive profit, then

• A)its total cost is more than $9,000.
• B)its marginal revenue is less than $10.
• C)its average total cost is less than $10.
• D)the firm cannot be a competitive firm because competitive firms cannot earn positive profits.

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Definitions:

Projective Personality Assessments

Psychological tests that use ambiguous stimuli to elicit responses that reveal aspects of an individual's personality.

Unstructured

Describes a format or situation lacking a predefined framework or organization, often allowing for more flexibility and spontaneity.

Sentence Completion Test

A psychological assessment tool where individuals complete sentences in an open-ended manner, used to explore attitudes, beliefs, motivations, or personality traits.

Figure Drawing Test

A psychological test where individuals are asked to draw a person, an object, or a scene as a means to evaluate their cognitive, developmental, or emotional state.