If a Perfectly Competitive Firm Sells 10 Units of Output

question 141

Multiple Choice

If a perfectly competitive firm sells 10 units of output at $30 per unit,its marginal revenue is:

• A)$10.
• B)$30.
• C)more than $30.
• D)$300.

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Definitions:

Central Bank

Is the primary financial institution of a country, responsible for issuing currency, managing the money supply, regulating banks, and implementing monetary policy to achieve economic stability.

Foreign Exchange Rate

The price at which one currency can be exchanged for another currency in the foreign exchange market.

World Market

The global marketplace where goods, services, and financial products are bought and sold across borders.

Trade Balance

The difference between a country's exports and imports of goods and services over a certain period.