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    Economics Today Study Set 1
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    Exam 23: Perfect Competition
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    -Refer to the Above Table
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-Refer to the Above Table

Question 77

Question 77

Multiple Choice

  -Refer to the above table. The table represents information on the costs for Ajax Corporation. Ajax operates in a perfectly competitive market and the price of the product is $10. What does total revenue equal when quantity equals 4? A)  $4 B)  $6 C)  $36 D)  $40
-Refer to the above table. The table represents information on the costs for Ajax Corporation. Ajax operates in a perfectly competitive market and the price of the product is $10. What does total revenue equal when quantity equals 4?


A) $4
B) $6
C) $36
D) $40

Correct Answer:

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