Table 14-5 The Table Represents a Demand Curve Faced by a Firm

question 426

Multiple Choice

Table 14-5
The table represents a demand curve faced by a firm in a competitive market.

-Refer to Table 14-5. For this firm, the average revenue when 14 units are produced and sold is

• A) $11.
• B) $9.
• C) $13.
• D) $15.

---

Definitions:

OTC

Over-the-Counter (OTC) refers to the process of trading securities directly between two parties without the oversight of an exchange.

TSX

Stands for the Toronto Stock Exchange, one of the largest stock exchanges in the world, based in Canada.

NYSE

The New York Stock Exchange, one of the largest stock exchanges in the world, where stocks are bought and sold.

Working Capital Management

The management of a company's current assets and liabilities to ensure it has sufficient cash flow to meet its short-term obligations and operating expenses.