A Firm Can Sell 14 Units at $18,but to Sell

question 227

Multiple Choice

A firm can sell 14 units at $18,but to sell 15 units,the firm must cut the price to $17.The marginal revenue derived from selling the 15th unit is

• A)-$18.
• B)0.
• C)$3.
• D)$17.
• E)$18.

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Definitions:

Do…while Statement

A control flow statement that executes a block of code at least once and then repeatedly executes the block as long as a given condition remains true.

Branching Mechanisms

The feature in programming and version control systems that allows for the divergence from the main line of development, to experiment or to work on different tasks simultaneously.

Break Statements

Instructions in programming that cause the immediate termination of a loop, switch, or labeled block.

Switch Statement

A switch statement is a control flow statement that allows a variable to be tested against a list of values, each with its own code block to execute.