Scenario 13-2 Assume a Certain Firm Is Producing Q = 1,000 Units

question 263

Multiple Choice

Scenario 13-2
Assume a certain firm is producing Q = 1,000 units of output.At Q = 1,000,the firm's marginal cost equals $20 and its average total cost equals $25.The firm sells its output for $30 per unit.
-Refer to Scenario 13-2.At Q = 999,the firm's profits equal

• A) $4,990.
• B) $5,000.
• C) $5,020.
• D) $5,030.

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Definitions:

Active Behaviors

Actions taken deliberately by individuals that are intended to achieve specific outcomes or goals.

Learning Consequences

Outcomes or changes in behavior that result from experiences or actions, playing a critical role in the process of learning through reinforcement or punishment.

Biofeedback Training

A method that teaches individuals to improve their health by controlling certain bodily processes that normally happen involuntarily.

Systematic Desensitization

A therapeutic method used to reduce fear or anxiety by gradually exposing the patient to the feared object or situation in a controlled manner.