Table 14-2
the Table Represents a Demand Curve Faced by a Firm

question 136

Multiple Choice

Table 14-2
The table represents a demand curve faced by a firm in a competitive market.
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$$\begin{array} { | c | c | } \hline \begin{array} { c } \text { Price } \\\text { (Dollarsper unit) }\end{array} & \begin{array} { c } \text { Quantity Demanded } \\\text { (Units) }\end{array} \\\hline 5 & 0 \\\hline 5 & 1 \\\hline 5 & 2 \\\hline 5 & 3 \\\hline 5 & 4 \\\hline 5 & 5 \\\hline\end{array}$$
-Refer to Table 14-2. For this firm, the average revenue from selling 4 units is

• A)$0.
• B)$1.
• C)$5.
• D)$4.

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Definitions:

Colored Shoe Laces

are shoe laces available in various colors, often used to personalize footwear or match them with outfits, enhancing their aesthetic appeal.

Brand's Value

The perceived worth of a brand in the eyes of consumers, often reflected in brand recognition, loyalty, and the ability to command higher prices.

Brand Equity

The value and strength of a brand that influences consumer preference and loyalty, derived from perceptions of quality, associations, and brand recognition.

Facilitating Purchasing

The process of making it easier for customers to buy products or services, often through simplifying procedures or providing additional information.