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alexandr402 [8]
3 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]3 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.

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Because of their sharp quality text output and fast printing speeds, ___ printers are often preferred by businesses.
RideAnS [48]

Answer:

Laser printer

Explanation:

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3 years ago
One year ago, you purchased $6,000 worth of a mutual fund at an offering price of $38.10 a share. Today, the fund distributed $0
dalvyx [7]

Answer:

a. 7.48%

Explanation:

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6 0
3 years ago
Is it reasonable to assume that treasury bonds will provide higher returns in recessions than in booms?
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Define term total utility and marginal utility​
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