If a Perfectly Competitive Firm Can Sell Each Unit of Output

question 131

Multiple Choice

If a perfectly competitive firm can sell each unit of output for $9, and the marginal cost of the last unit produced is $8.50, then the:

• A)extra benefit of the last unit produced is less than the extra cost.
• B)firm should lower its output level in order to increase profits.
• C)firm is earning an average profit of $0.50.
• D)extra benefit of the last unit produced is greater than the extra cost.

---

Definitions:

Audience Perceives

How a group of potential customers or viewers understands and interprets messages or content presented to them.

Writing Style

The distinctive manner in which a writer expresses ideas through word choice, sentence structure, and tone, reflecting their unique voice or brand.

Content

Information and experiences created and shared through various mediums such as text, images, video, or audio to communicate with a target audience.

Trending Topic

A subject or event that is currently popular and widely discussed online, especially on social media platforms.