When a Certain Competitive Firm Produces and Sells 100 Units

question 104

Multiple Choice

When a certain competitive firm produces and sells 100 units of output, marginal revenue is $80. When the same firm produces and sells 200 units of output, what is average revenue?

• A)$40
• B)$80
• C)$160
• D)This cannot be determined from the given information.

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Definitions:

Permanent Replace

The practice of hiring new employees to permanently take the positions of striking workers.

Federal Racketeering Laws

Laws under the Racketeer Influenced and Corrupt Organizations Act (RICO) designed to combat organized crime by allowing extended penalties for acts performed as part of a criminal organization.

Corporate Campaigns

Organized efforts, typically by unions or activist groups, aimed at applying pressure on a corporation to change its practices or to achieve specific goals.

Apply Pressure

To exert influence or force on someone or something in order to induce a change in behavior or outcomes, often used in political, social, or professional contexts.