If All Units of a Firm's Output Sell for $10

question 46

True/False

If all units of a firm's output sell for $10 each,marginal revenue is constant.

---

Definitions:

Validity

The extent to which a method or procedure measures what it is supposed to measure.

Psychometric View

An approach in psychology that focuses on the measurement of mental functions, intelligence, abilities, and attitudes through the use of tests and questionnaires.

Intelligence

The capacity for learning, understanding, and applying knowledge and skills, and the ability to adapt to new situations.

Predictive Validity

The degree to which a score obtained from a test or scale forecasts an individual’s future achievements on a similar activity.