A Certain Competitive Firm Sells Its Output for $20 Per

question 550

Multiple Choice

A certain competitive firm sells its output for $20 per unit. The 50th unit of output that the firm produces has a marginal cost of $22. Production of the 50th unit of output does not necessarily

• A)increase the firm's total revenue by $20.
• B)increase the firm's total cost by $22.
• C)decrease the firm's profit by $2.
• D)increase the firm's average variable cost by $0.44.

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Definitions:

Developing Fetus

The stage of human development inside the womb from the end of the embryonic stage until birth, characterized by rapid growth and maturation of body systems.

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The study of heritable changes in gene expression that do not involve alterations to the underlying DNA sequence.

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