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    Principles of Microeconomics Study Set 4
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    Exam 9: Competitive Markets for Goods and Services
  5. Question
    If a Perfectly Competitive Firm Increases Production from 10 Units
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If a Perfectly Competitive Firm Increases Production from 10 Units

Question 8

Question 8

Multiple Choice

If a perfectly competitive firm increases production from 10 units to 11 units, and the market price is $20 per unit, total revenue for 10 units is:


A) $10.
B) $20.
C) $200.
D) $210.

Correct Answer:

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