For a Certain Firm, the 100th Unit of Output That

question 358

Multiple Choice

For a certain firm, the 100th unit of output that the firm produces has a marginal revenue of $7 and a marginal cost of $10. It follows that the

• A)production of the 100th unit of output increases the firm's profit by $3.
• B)production of the 100th unit of output increases the firm's average total cost by $7.
• C)firm's profit-maximizing level of output is less than 100 units.
• D)production of the101st unit of output must increase the firm's profit by more than $3.

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Definitions:

RC Parallel Circuit

An electrical circuit in which a resistor and a capacitor are connected in parallel, affecting the impedance and phase angle of the overall circuit.

R

A symbol commonly used to represent resistance in an electrical circuit, measured in ohms.

RC Parallel Circuit

A circuit configuration consisting of a resistor (R) and a capacitor (C) connected in parallel, often used in electrical networks to filter or time-delay signals.

R

Represents the symbol for resistance in electrical circuits, measuring how much an object opposes the passage of electrons.