Use the Figure for the Question(s)below

question 48

Multiple Choice

Use the figure for the question(s) below.
-Based on the information shown above, what payment would you receive from selling 1 000 shares of Gold Seam Corp?

• A)$91 810
• B)$91 650
• C)$91 700
• D)$91 350

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Definitions:

Extra Unit

The additional quantity of a product or service that is produced or provided.

Purely Competitive Firm

A company operating in a market where there are many buyers and sellers, all selling identical products, and no single buyer or seller can influence the market price.

Total Revenue

The cumulative financial gain a company secures from its commercial activities, including sales and services, within a particular duration.

Upsloping Line

In graphical representations, a line that rises from left to right, often used to depict positive relationships between two variables, such as price and supply.