A Monopoly Firm Can Sell 150 Units of Output for $10

question 5

Multiple Choice

A monopoly firm can sell 150 units of output for $10 per unit. Alternatively, it can sell 151 units of output for $9.98 per unit. The marginal revenue of the 151st unit of output is

• A) -$6.98.
• B) -$0.02.
• C) $2.45.
• D) $6.98.

Explain why viruses are not placed on the tree of life.

Comprehend the concept and implications of lateral gene transfer among prokaryotes.

Differentiate between various metabolic types of bacteria.

Identify the basis of phylogenetic relationships and challenges in prokaryote classification.

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Definitions:

Downward Sloping

Describes a line or curve on a graph that shows a decrease in value as it moves from left to right, often used in economics to describe how changes in price affect demand.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale.

Health Insurance Costs

The expenses associated with medical policies that cover the cost of medical services for the insured.

Premium Per Person

The amount of money charged per individual for insurance coverage.