The Figure Given Below Shows the Aggregate Demand and Supply

question 12

Multiple Choice

The figure given below shows the aggregate demand and supply curves of a perfectly competitive market.Figure 10.7

-A clothing store can sell two shirts for $20 each or three shirts for $18 each. At a quantity of three shirts sold, marginal revenue is _____.

• A)$18
• B)$14
• C)$54
• D)$20
• E)$44

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Definitions:

Sales Decrease

A reduction in the amount of products or services sold by a business over a given period.

Full Capacity

The highest amount of products or services a business can consistently generate during a specific timeframe under standard conditions.

Fixed Assets

Long-term tangible assets used in the operation of a business, not expected to be converted to cash within a year.

Sales Growth

The increase in sales over a specific period, reflecting a company's ability to grow revenue through marketing, expansion, and new product introductions.