Suppose Pat's Paints Is a Perfectly Competitive Firm

question 33

Multiple Choice

Suppose Pat's Paints is a perfectly competitive firm.If Pat's Paints' marginal revenue equals $5 per can,and Pat decides to sell 100 cans of paint,Pat's total revenue equals

• A) $5.
• B) $100.
• C) $500.
• D) $20.
• E) Information on the price of a can of paint is needed to answer the question.

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