If a Firm's Marginal Revenue from Its 100th Unit of Output

question 31

Multiple Choice

If a firm's marginal revenue from its 100th unit of output is $50 and the marginal cost from its 100th unit of output is $45, then in the short run this firm should:

• A) increase its plant size.
• B) change its technology.
• C) produce more than 99 units of output.
• D) produce less than 100 units of output.
• E) shut down.

Understand the role and definition of prompts in programming.

Recognize the buffer's functionality and purpose in computer systems.

Identify characteristics of robust programs.

Define and identify the use of magic numbers and constants in programming.

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Definitions:

Ethnocentrism

The act of judging another culture solely by the values and standards of one's own culture, often accompanied by a belief in the superiority of one's ethnic group.

Classical Conditioning

A way of learning that emerges from linking a stimulus from nature with one that the environment presents.

Implicit Association Test (IAT)

A psychological assessment tool designed to measure implicit biases that individuals may not be aware of, by analyzing reaction times to specific stimuli.

Implicit Attitudes Test (IAT)

A psychological test designed to uncover unconscious or 'implicit' biases by measuring the strength of associations between concepts and evaluations or stereotypes.