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:

Age Discrimination

Unfair treatment of individuals based on their age, particularly in employment practices.

Gender Stereotypes

Involve generalized views or preconceptions about attributes or characteristics, or the roles that are or should be performed by, men and women.

Decision Makers

Individuals or groups responsible for making choices and forming policies or strategies within an organization.

Masculine Characteristics

Traits traditionally associated with men, such as assertiveness, competitiveness, and physical strength, often discussed in the context of gender roles and expectations.