If a Perfectly Competitive Firm Sells 300 Units of Output

question 32

Multiple Choice

If a perfectly competitive firm sells 300 units of output at $1 per unit,its marginal revenue is:

• A)less than $1.
• B)$1.
• C)more than $1 but less than $300.
• D)$300.

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Definitions:

Eligibles

Individuals who meet certain criteria or requirements, making them qualified for a specific program, benefit, or opportunity.

Remarry

The act of getting married again after one marriage has ended through divorce or widowhood, often reflecting changes in personal circumstances and societal attitudes toward marriage.

Racial-ethnic groups

Categories of people recognized by distinct physical characteristics, cultural practices, and/or heritage, emphasizing diversity within populations.

Remarriage rates

The statistical occurrences of individuals entering into marriage again following a divorce or the death of a spouse.