(Table: Competitive Firm) Refer to the Table

question 63

Multiple Choice

(Table: Competitive Firm) Refer to the table. For the seventhunit of output, total profit is:

• A)$630.
• B)$90.
• C)$160.
• D)$470.

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Definitions:

Recycling

The process of converting waste materials into new materials and objects, aiming to reduce consumption of fresh raw materials, decrease energy usage, reduce air pollution (from incineration) and water pollution (from landfilling).

Tax Per Unit

A fixed amount charged as tax on a single unit of a good or service.

Good Citizen

An individual who acts responsibly, ethically, and with social awareness within their community.

Financial Incentives

Financial rewards provided to influence the behavior or decisions of individuals or organizations.