Question
If a monopoly firm is selling its 10 th unit of output for $65, its marginal revenue will be A.Less than $65 B.Zero C.More than
If amonopoly firmis selling its 10thunit of output for $65, itsmarginal revenuewill be
A.Less than $65
B.Zero
C.More than $65
D.$650
A firm in the perfect competition marketproduces200 units ataverage cost$40 per unit. Theaverage revenueof the firm is $30. In this scenario,the firm will get
A.No loss, no profit
B.Loss $2000
C.Profits $2000
D.Loss $8000
Garry and Simmy are the business partners who have opened a restaurant in Downtown. They provide lunch in a sealed box. They paylump sumamount $3500 rent for heating expenses. Theirtotal variable costis $2500.Average costis estimated as $4. Thequantityof their sealed dinner boxes is
A.1500
B.1900
C.1100
D.4000
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