If a Firm in a Competitive Market Doubles Its Number

question 485

Multiple Choice

If a firm in a competitive market doubles its number of units sold, total revenue for the firm will

• A)more than double.
• B)double.
• C)increase but by less than double.
• D)may increase or decrease depending on the price elasticity of demand.

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Definitions:

Gene

A basic unit of heredity made up of DNA, responsible for encoding the proteins that dictate an organism's traits.

Specific Protein

A protein with a unique structure and function, distinguished by its specific genetic coding and role within biological processes.

Chromosome

A structure of nucleic acids and protein found in the nucleus of most living cells, carrying genetic information in the form of genes.

Twin Studies

Research that compares the similarities between monozygotic (identical) and dizygotic (fraternal) twins to understand genetic and environmental influences.