If a Firm in Perfect Competition Sells 10 Units of Output

question 302

Multiple Choice

If a firm in perfect competition sells 10 units of output at $5 per unit,its marginal revenue is:

• A)$5.
• B)more than $5 but less than $50.
• C)$50.
• D)$250.

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Definitions:

Related To Our Experience

A phrase indicating that something is connected or relevant to one's personal life events, knowledge, or sensations.

Semantic Processing

A cognitive process that involves the understanding of words and sentences by the brain.

Nonsense Syllables

Meaningless sets of two to three letters that do not follow standard word formation rules, used in memory and learning experiments.

Semantic

Related to the meanings of words and phrases in language, as well as the study of meaning in communication.