Table 14-5 The Table Represents a Demand Curve Faced by a Firm

question 496

Multiple Choice

Table 14-5
The table represents a demand curve faced by a firm in a competitive market.
-Refer to Table 14-5. For this firm, the marginal revenue of the 12th unit is

• A)$9.
• B)$10.
• C)$11
• D)The marginal revenue cannot be determined without knowing the total revenue when 11 units are sold.

---

Definitions:

Divisional Structure

An organizational framework where operations are grouped based on distinct products, services, markets, or geographic locations.

Matrix Structure

An organizational structure that combines two or more types of structures, typically project-based and functional, to leverage the advantages of both.

Functional Structure

An organizational design that groups employees based on their job functions, leading to departments like marketing, finance, and operations.

Organising Function

A management activity that involves arranging resources and tasks to achieve objectives efficiently and effectively.