If a Firm Sells 200 Units of Output at $15

question 122

Multiple Choice

If a firm sells 200 units of output at $15 per unit and 210 units of output when price is reduced to $14, its marginal revenue from selling the last unit is

• A) $60.
• B) $210.
• C) $294.
• D) -$60.

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Definitions:

Memory Space

Refers to the amount of RAM allocated to running programs and processes on a computer.

Recursive Methods

Recursive Methods are methods that call themselves in order to break down a problem into simpler problems of the same type.

Cube

In geometry, a cube is a three-dimensional solid object bounded by six square faces, facets or sides, with three meeting at each vertex.

Sum of the Cubes

A mathematical operation that involves adding together the cubes (third power) of a series of numbers.