Multiple Choice
Suppose Pat's Paints is a perfectly competitive firm. If Pat's Paints' marginal revenue equals $5 per can, and Pat decides to sell 100 cans of paint, Pat's total revenue equals
A) $20.
B) $500.
C) $100.
D) $5.
E) Information on the price paint is needed.
Correct Answer:
Verified
Correct Answer:
Verified
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