In Perfect Competition,marginal Revenue

question 36

Multiple Choice

In perfect competition,marginal revenue

• A) increases as more is sold.
• B) decreases as more is sold.
• C) is equal to the market price.
• D) is zero.
• E) is always greater than marginal cost.

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Definitions:

Reversible DC Electric Motors

Special types of DC motors that can change the direction of their rotation due to the reversal of current flow, allowing both clockwise and counterclockwise operation.

Solenoids

Electromagnetic actuators that convert electrical energy into mechanical action, commonly used in valves and relays to control fluid or air movement.

Instrument Panel Illumination

The lighting system that enables the visibility of gauges, indicators, and controls on a vehicle's dashboard.

Master Switch

A principal electrical switch that controls the power to multiple circuits or a large part of an electrical system.