If a Firm Sells 20 Units of Output at $15

question 383

Multiple Choice

If a firm sells 20 units of output at $15 per unit and 21 units of output when price is reduced to $14, its marginal revenue from selling the last unit is

• A) $6.
• B) $21.
• C) $294.
• D) -$6.

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Definitions:

Customer Relationship Management

A strategy and technology for managing an organization's relationships and interactions with current and potential customers to improve profitability.

Service Application Model

A framework that outlines how services are delivered to customers, including the processes, resources, and technologies used.

Information Technology

Refers to the use and integration of computers, software, networking, and the internet to store, retrieve, transmit, and manipulate data or information.

Strategic Partners

Entities or organizations that enter into a partnership to leverage each other's strengths in achieving common goals or objectives.