A Purely Competitive Firm Currently Producing 20 Units of Output

question 142

Multiple Choice

A purely competitive firm currently producing 20 units of output earns marginal revenues of $12 from each extra unit of output it sells. If it sells 30 units, then its total revenues would be

• A) $120.
• B) $240.
• C) $360.
• D) indeterminate based on the given information.

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Definitions:

Determinants of Health

Factors that significantly influence an individual's health status, including biological, socioeconomic, environmental, and behavioral elements.

Power Structures

The organization and distribution of power within a society, institution, or group, affecting dynamics, decision-making, and resource allocation.

Interpersonal Level

Pertains to the interactions and relationships between individuals in various social settings.

Awareness

The knowledge or perception of a situation or fact, often highlighting the importance of being conscious or cognizant of one’s environment, body, feelings, or social dynamics.