If a Firm in a Perfectly Competitive Market Triples the Quantity

question 502

Multiple Choice

If a firm in a perfectly competitive market triples the quantity of output sold, then total revenue will

• A)more than triple.
• B)less than triple.
• C)exactly triple.
• D)Any of the above may be true depending on the firm's labor productivity.

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Definitions:

Negotiation

The process by which parties with differing interests or perspectives reach an agreement through communication and compromise.

Sex

A biological classification based on physical characteristics and reproductive functions, typically categorised as male or female.

Gender

Socially constructed roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.

Gender Divide

The division or gap between males and females in various aspects such as opportunities, rights, and social roles, often highlighting inequalities.