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

question 460

Multiple Choice

For a certain firm,the 100th unit of output that the firm produces has a marginal revenue of $10 and a marginal cost of $7.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 the 99th unit of output must increase the firm's profit by less than $3.

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Definitions:

Sexual Reproduction

A biological process that creates a new organism by combining the genetic material of two organisms.

Asexual Reproduction

A mode of reproduction involving only one parent that results in offspring genetically identical to the parent, occurring without the fusion of gametes.

Crossing Over

Crossing over is a genetic process that occurs during meiosis where homologous chromosomes exchange segments, leading to genetic diversity in gametes.

Alleles

Variants of a gene that determine distinct traits that can be passed from parents to offspring.