When It Produces and Sells 90 Units of Output, a Competitive

question 49

Essay

When it produces and sells 90 units of output, a competitive firm's average total cost is $42 and its profit is $360. What is the firm's marginal revenue if it sells 100 units of output?

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Definitions:

Vygotsky

Lev Vygotsky, a Russian psychologist known for his theory on social development, emphasizing the influence of social interaction on cognitive development.

Piaget

A Swiss developmental psychologist and philosopher known for his epistemological studies with children, Piaget's theory of cognitive development posits that children move through four stages of mental development.

Social And Cultural Contexts

The environments, practices, and beliefs that influence individuals' behaviors, attitudes, and experiences.

Object Permanence

Object permanence is the cognitive understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed.