A Firm Facing a Downward-Sloping Demand Curve Sells 50 Units

question 133

Multiple Choice

A firm facing a downward-sloping demand curve sells 50 units of output at $10 each.The firm's marginal revenue is

• A)$500
• B)more than $10 but less than $500
• C)$10
• D)less than $10
• E)zero

Comprehend the liability of corporations for torts committed by its agents.

Understand the procedures and legal standards in board meetings and the responsibility of directors under various corporate governance models.

Understand the basic principles and legal requirements for quorums in shareholder meetings.

Recognize the legal implications and responsibilities of shareholders in the context of dividends and illegal distributions.

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Definitions:

M-commerce

Describes the conducting of commercial transactions using mobile devices, emphasizing the growing trend of using smartphones for shopping and payments.

Web Developer

A professional who specializes in the development of websites and web applications, focusing on aspects such as design, functionality, and user experience.

Smartphones

Mobile phones that offer advanced features beyond making calls and sending text messages, including internet access, apps, and multimedia capabilities.

Share Of Wallet

The proportion of a customer's total spending that is captured by a business, indicating the business's relative importance to the customer.