Consider the Price and Quantity Data Below for a Perfectly

question 12

Multiple Choice

Consider the price and quantity data below for a perfectly competitive firm producing mousetraps.
TABLE 9-1
-Refer to Table 9-1.Suppose this firm is currently selling 1750 mousetraps at the market price of $5.If the firm raises its price to $6,it's average revenue will be

• A)$0.
• B)$5.
• C)$6.
• D)between $5 and $6.
• E)greater than $6.

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Definitions:

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The fiduciary relationship that arises when one person consents to have another act on his behalf and subject to his control and the other consents to do so.

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