Below,The Graph on the Left Shows the Short-Run Marginal Cost

question 84

Multiple Choice

Below,The graph on the left shows the short-run marginal cost curve for a typical firm selling in a perfectly competitive industry.The graph on the right shows current industry demand and supply. What is the marginal revenue for the FIRM from selling the 250th unit of output?

• A)$10
• B)$8
• C)$6
• D)$4
• E)zero

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Definitions:

Capital Inflow

The movement of funds into a country, typically in the form of investments, that can be used for further economic development.

Capital Outflow

The movement of assets out of a country, often in response to economic or political instability, seeking higher returns or safer investment climates elsewhere.

Consumer Preference

The individual tastes and choices of consumers that influence their purchasing decisions, often shaped by factors such as price, quality, convenience, and brand.

Wage Increase

An upward adjustment in the compensation that workers receive for their labor, typically as a result of negotiations, economic conditions, or to match inflation rates.