When a Perfectly Competitive Firm Increases Output,total Revenue

question 95

Multiple Choice

When a perfectly competitive firm increases output,total revenue:

• A) increases, because there is no price effect.
• B) decreases, because there is no price effect.
• C) increases, because there is no quantity effect.
• D) decreases, because there is no quantity effect.

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Definitions:

Crista Galli

A vertical protrusion of the ethmoid bone in the brain that serves as an attachment point for the falx cerebri, a membrane that divides the two cerebral hemispheres.

Styloid Process

A pointed piece of bone that extends from the temporal bone of the skull, serving as an attachment point for muscles and ligaments of the tongue and neck.

Frontal

Referring to the forehead or the front part of something, particularly in anatomy, it pertains to the front part of the brain or the frontal bone of the skull.

Maxilla

A pair of bones forming the upper jaw and part of the orbits surrounding the eyes, essential for facial structure.