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Author Question: Suppose XYZ Corp. is producing and selling disposable wooden chopsticks in a perfectly competitive ... (Read 97 times)

Bobvance

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on: Oct 12, 2022
Suppose XYZ Corp. is producing and selling disposable wooden chopsticks in a perfectly competitive market. The market price is $0.04 per unit and the firm is selling 1 million units per month. Now suppose the firm increases its stated price to $0.05 per unit. According to the theory of perfect competition, the result will be
◦ total revenue for this firm will increase, but by less than $10 000 per month.
◦ total revenue will decrease from $50 000 to $40 000 per month.
◦ total revenue will increase from $40 000 to $50 000 per month.
◦ total revenue for this firm will fall dramatically, perhaps to zero.
◦ no change in the firm's total revenue.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Bobvance on Oct 12, 2022

Hamad

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Bobvance

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Reply 2 on: Oct 12, 2022
Gracias!

mcarey591

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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