When a Firm Expands Output from 10 to 11 Units

question 183

Multiple Choice

When a firm expands output from 10 to 11 units and total revenue increases from $100 to $110, marginal revenue of the eleventh unit is:

• A) $110.
• B) $11.
• C) $10.
• D) $210.

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Definitions:

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A pattern of organization where a problem is identified and one or more solutions are proposed and evaluated.

Complicated Topic

A subject matter that is intricate and difficult to understand due to its complexity or numerous interconnected parts.

Explanation

The act of making something clear or understandable by describing the relevant facts or ideas.

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