Suppose a Perfectly Competitive Firm Reduces Its Output by 10

question 40

Multiple Choice

Suppose a perfectly competitive firm reduces its output by 10 per cent.This means that its:

• A)price will increase
• B)marginal revenue will increase
• C)average revenue decrease
• D)total revenue will decrease

---

Definitions:

Health Disparities

Differences in health status or healthcare access and outcomes among different population groups, often influenced by social, economic, and environmental factors.

Tobacco Use

The act of consuming tobacco products by smoking, chewing, or snuffing, often associated with health risks.

Management of Diabetes

The ongoing process of monitoring and treating diabetes to keep blood sugar levels within a target range and manage symptoms.

Retained Material

Items or substances that remain in the body unintentionally after a procedure or surgery, which can lead to complications.