Assume That the Marginal Revenue Curve Intersects the Rising Portion

question 22

Multiple Choice

Assume that the marginal revenue curve intersects the rising portion of the marginal cost curve at 100 units of output.At this output level,a profit-maximizing firm's total fixed cost is $600 and its total variable cost is $400.If the price of the product is $8 per unit,the firm should produce:

• A)zero units of output.
• B)less than 100 units of output.
• C)100 units of output.
• D)more than 100 units of output.
• E)200 units of the output.

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Definitions:

Meiosis

A type of cell division that reduces the chromosome number by half, creating four haploid cells, each genetically distinct from the parent cell and from each other.

Haploid Stage

A phase in the life cycle of an organism where its cells contain only one set of chromosomes, typical of gametes.

Gamete

A mature haploid male or female germ cell which is able to unite with another of the opposite sex in sexual reproduction to form a zygote.

Spermatogenesis

The process by which male spermatozoa are produced, involving meiosis and subsequent maturation.