This Table Shows the Total Costs for Various Levels of Output

question 25

Multiple Choice

This table shows the total costs for various levels of output for a firm operating in a perfectly competitive market.
According to the table shown,the firm's marginal revenue:

• A)is constant.
• B)increases as output increases.
• C)decreases as output increases.
• D)increases until the 3^rd unit,then decreases.

---

Definitions:

Psychoanalytic Theory

A theory of psychology and human behavior emphasizing unconscious motives and conflicts, originally developed by Sigmund Freud.

Behavior Theory

A theory that suggests that behaviors are learned and maintained through interactions with the environment, including stimuli and reinforcements.

Psychobiological

Relating to the biological underpinnings of psychological phenomena, emphasizing the interaction between biological processes and behavior.

Humanistic

Relating to an approach in psychology that emphasizes individual worth, personal growth, and the concept of self-actualization.