1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
alexandr402 [8]
2 years ago
11

If a perfectly competitive firm decreases production from 11 units to 10 units and the market price is $20 per unit, total reven

ue for 10 units is: Select one: a. $20. b. $210. c. $200. d. $10.
Business
1 answer:
marishachu [46]2 years ago
6 0

Answer: C. $200

Explanation:

Total revenue = price × quantity

= $20 × 10 = $200

A perfectly competitive firm is a firm that is a price taker; it doesn't set the price for its goods.

If the firm reduces the quantity produced, total revenue falls too.

You might be interested in
A lawnmower that normally sells for $350 is on sale for 25% off. How much
olya-2409 [2.1K]

Answer:

$262.50

Explanation:

Multiply $350 by 0.75 since it is 25% off and the remaining is 75% to get the answer of $262.50.

3 0
2 years ago
If your business operates in more than one state or in a large area, it's a good idea to register the trademark with what organi
mars1129 [50]
If your business operates in more than one state or in a large area, it's a good idea to register the trademark with <span>USPTO.</span>
6 0
3 years ago
Read 2 more answers
Holding other factors constant, if food prices decline relative to the prices of other products, then the real wages of agricult
yawa3891 [41]

Answer: decrease; decrease

Explanation:

Agriculture is food production and sales, when there is a decline in prices of food it would affect the workers wages and reduce employment.

6 0
3 years ago
This is the term that describes the circus performers who were painted by pablo picasso
ipn [44]

I'll think it's better if you search it up on google it will probably give you more information

8 0
3 years ago
Tom was a flower delivery man in sunny Phoenix, Arizona. One summer while on his route to deliver flowers, he stopped in at the
hichkok12 [17]

Answer:

Tom is responsible for his negligence.

Explanation:

Tom was a flower delivery so he should have a valid driving license. The florist was on his delivery route and he just stopped to take a water bottle. Since he might be in hurry as flowers are perishable and it is responsibility of the delivery man to deliver the flowers fresh to its customers. He took an illegal turn in hurry and hit the motorcycle. The motorcyclist can claim the repair expense from tom since it is his negligence.

6 0
2 years ago
Other questions:
  • "what is meant by comparative​ statics? explain with an example".
    9·1 answer
  • On January 1 of the current year, the Barton Corporation issued 8% bonds with a face value of $73,000. The bonds are sold for $7
    9·1 answer
  • Over the years Rianna paid $65,000 in premiums on a life insurance policy with a face value of $100,000. Upon reaching 65, while
    6·1 answer
  • Prior to adjustment at August 31, Salary Expense has a debit balance of $322,200. Salaries owed but not paid as of the same date
    11·1 answer
  • A sample of 51 elements is selected to estimate a 95% confidence interval for the variance of the population. The chi-square val
    5·1 answer
  • When money serves as a common denominator for measuring the exchange rates among goods and services, it performs as a
    10·1 answer
  • Suppose the production of long-distance airline flights is described by a fixed proportion production process in which three cre
    10·1 answer
  • A _____ is limited to a select group of suppliers who provide critical high value items to the firm.
    9·1 answer
  • Elliott has the following capital gain and loss transactions for 2021. a. Short-term capital gain $1,500 b. Short-term capital l
    9·1 answer
  • Robots
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!