Solved

Table 84 -Refer to Table 8

Question 167

Multiple Choice

Table 8.4
 Quantity  of Output  Market Price ($)  00105205305405505\begin{array}{cc}\begin{array}{c}\text { Quantity } \\\text { of Output }\end{array} & \text { Market Price (\$) } \\\hline 0 & 0 \\10 & 5 \\20 & 5 \\30 & 5 \\40 & 5 \\50 & 5\end{array}
-Refer to Table 8.4,which shows the output supplied by a firm and its total revenue.What is the difference between the firm's price and the market price when the quantity of output is 10 units?


A) $0
B) $10
C) $20
D) $40
E) $50

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions