Answer:
B) $4.67
Explanation:
By definition marginal revenue is the revenue generated by the sale of one more unit of product Z.
Marginal revenue = unit price
Since firm X participates in a perfectly competitive market, it is a price taker, and since the marginal revenue is constant, we can assume that this is the equilibrium price of product Z.
Answer:
Bounded rationality.
Explanation:
Bounded rationality is the possibility that in decision-making, rationality of people is restricted by the data they have, the subjective impediments of their psyches, and the limited measure of time they need to settle on a decision.
Answer: (B) Nutrition fact panel
Explanation:
The nutrition fact panel is one of the primary tool which is used for determining the nutrition and also the healthfulness of the given material and the products.
The nutrition fact panel is the part of the food label and it providing the information about the content of nutrient in the food and the various types of beverages.
It basically provide the information about the sodium, fat content and the sugar.
Therefore, Option (B) is correct.
