A Firm That Is Using Marginal Analysis to Set Prices

question 237

Multiple Choice

A firm that is using marginal analysis to set prices finds that setting a price of $180 per unit would result in the sale of 6 units. The total variable cost of production is equal to $300 and total fixed cost is equal to $150. In this case, the firm's total revenue will be _____.

• A) $900
• B) $1,800
• C) $1,980
• D) $1,620
• E) $1,080

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Definitions:

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