If a Perfectly Competitive Firm Increases Production from 10 Units

question 140

Multiple Choice

If a perfectly competitive firm increases production from 10 units to 11 units and the market price is $20 per unit,total revenue for 11 units is:

• A)$10.
• B)$20.
• C)$200.
• D)$220.

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Definitions:

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An individual or entity to whom rights or interests have been transferred by another.

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To reject or deny the validity of a contract, agreement, or statement.

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