A Firm Facing a Downward-Sloping Demand Curve Sells 50 Units

question 133

Multiple Choice

A firm facing a downward-sloping demand curve sells 50 units of output at $10 each.The firm's marginal revenue is

• A)$500
• B)more than $10 but less than $500
• C)$10
• D)less than $10
• E)zero

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Definitions:

AMPA Receptors

AMPA receptors are a type of glutamate receptor that mediates fast synaptic transmission in the brain, playing critical roles in brain function and plasticity.

Glutamate

An amino acid that acts as a key neurotransmitter in the brain, involved in learning, memory, and the regulation of the nervous system.

Consolidation

Process of stabilizing a memory trace after learning.

Memory Trace

A memory trace is a theoretical concept for the physical and biochemical change that takes place in the brain to store a memory, enabling recall and recognition of past experiences.