If the Market Price Is $40 in a Perfectly Competitive

question 50

Multiple Choice

If the market price is $40 in a perfectly competitive market, the marginal revenue from selling the fifth unit is

• A)$8.
• B)$20.
• C)$40.
• D)$200.

---

Definitions:

3 P's

Stands for People, Planet, and Profits; a principle that suggests companies should balance financial gains with social and environmental considerations.

Organizational Performance

The analysis of a company's efficiency, effectiveness, and ability to achieve its goals, often measured via metrics such as profitability, market share, and productivity.

Procurement

The process of obtaining goods, services, or works from external sources, often via tendering or bid process, to fulfill a need or requirement.

Corporate Social Responsibility

A business approach that contributes to sustainable development by delivering economic, social, and environmental benefits for all stakeholders.