Multiple Choice
A certain competitive firm sells its output for $20 per unit.The 50th unit of output that the firm produces has a marginal cost of $22.What does the production of the 50th unit of output do
A) It increases the firm's total cost by $2.
B) Itincreases the firm's total revenue by $2.
C) It decreases the firm's profit by $22.
D) Itincreases the firm's total revenue by $20.
Correct Answer:
Verified
Correct Answer:
Verified
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