Supposing the market price for a price taking firm is known to be $10, the total revenue accruing to it if it sells 100 is ________ and the total revenue accruing to it if it sells 200 is ________.
A. $1000; $2000
B. $10; $10
C. $100; $200
D. $1000; $1000
Answer: A
You might also like to view...
Based on the figure below. Starting from long-run equilibrium at point C, a decrease in government spending that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at__ creating _____gap.
A. B; no output B. D; an expansionary C. B; recessionary D. D; a recessionary
In the two-period model with asymmetric information, a bank
A) creates money. B) keeps money safely. C) multiplies reserves. D) borrows and lends.
The efficient level of recycling equates the
A) marginal cost of scrap disposal to the marginal benefit from not using virgin materials. B) marginal cost of recycling to the marginal benefit from not using virgin materials. C) marginal cost of scrap disposal to the marginal cost of recycling. D) marginal private cost of disposal to the marginal cost of recycling. E) per-unit refund from recycled materials to the marginal benefit from not using virgin materials.
When you use ABC costing and find out that a customer is not profitable, which of the following are legitimate options?
a. Stop selling to the unprofitable customer b. Increase sales to grow the business c. Raise prices d. Collaborate with the customer to reduce the costs of doing business e. All of the above f. Only A, C, and D