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

question 404

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 $11.It follows that the

• A) production of the 100th unit of output increases the firm's profit by $1.
• B) production of the 100th unit of output increases the firm's average total cost by $1.
• C) firm's profit-maximizing level of output is less than 100 units.
• D) production of the 110th unit of output must increase the firm's profit but by less than $1.

---

Definitions:

Contaminated Food

Food that has been corrupted by harmful bacteria, viruses, or substances, making it unsafe for consumption.

Gross Revenues

The total revenues generated by a business before any deductions are made for expenses.

Legal Relationship

A connection between entities or individuals that is recognized and regulated by law, such as contractual obligations or familial bonds.

Co-Ownership

The condition or act of owning something together with one or more parties.