If a perfectly competitive firm increases production from 10 units to 11 units and the market price is $20 per unit, total revenue for 11 units is: Select one: a. $10. b. $20. c. $200. d. $220.
If a perfectly competitive firm increases production from 10 units to 11 units and the market price is $20 per unit, total revenue for 11 units is: Select one: a. $10. b. $20. c. $200. d. $220.
Chapter9: Perfect Competition
Section: Chapter Questions
Problem 7QP
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Question
If a perfectly competitive firm increases production from 10 units to 11 units and the market price is $20 per unit, total revenue for 11 units is:
Select one:
a. $10.
b. $20.
c. $200.
d. $220.
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