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

question 74

Multiple Choice

A firm facing a downward-sloping demand curve sells 50 units of output at $10 each.Which of the following can be concluded about the firm's marginal revenue for this output level?

• A)Marginal revenue is equal to $500.
• B)Marginal revenue is more than $10.
• C)Marginal revenue is equal to $10.
• D)Marginal revenue is less than $10 but more than zero.
• E)Marginal revenue is zero.

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Definitions:

Morality

Principles concerning the distinction between right and wrong behavior, guiding individual conduct and the essence of ethics.

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A title historically associated with Napoleon Bonaparte, who ruled France first as First Consul from 1799 to 1804, and then as Emperor from 1804 to 1814 and again in 1815.

Napoleon III

Nephew of Napoleon Bonaparte who became the Emperor of France (1852-1870), known for his expansionist policies and the modernization of the French economy.

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