The market price in a perfectly competitive industry is $13 . A firm is considering increasing its output from 30 units to 40 units. The marginal revenue of each of these extra units equals
a. $13
b. $130
c. $390
d. $520
e. $130
A
You might also like to view...
Persons who choose not to become informed on political and governmental matters because they feel that the costs of becoming informed exceed the benefits of becoming informed are
A) rationally ignorant. B) not acting in their own best interests. C) members of special interest groups. D) shortsighted.
The developing world has been adamant that rich nations abandon farm subsidies in order to get a global trade deal both sides say they want.
Answer the following statement true (T) or false (F)
The government’s budget accounts for about 80 percent of GDP in the United States.
Answer the following statement true (T) or false (F)
According to aggregate demand and supply analysis, America's involvement in the Vietnam War had the effect of
A) increasing aggregate output, lowering unemployment, and raising the inflation. B) decreasing aggregate output, lowering unemployment, and lowering the inflation. C) increasing aggregate output, raising unemployment, and raising the inflation. D) decreasing aggregate output, raising unemployment, and lowering the inflation.