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903f23fj0

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Question 1

Suppose XYZ Corp. is producing and selling disposable wooden chopsticks in a perfectly competitive market. The market price is $0.05 per unit and the firm is currently producing 600 000 units per month. The firm's total revenue is ________ per month. The firm's marginal revenue is ________.
◦ $3000; $0.50
◦ $12 million; $0.05
◦ $1.2 million; $0.01
◦ $3000; $0.05
◦ $30 000; $0.05

Question 2

Suppose XYZ Corp. is producing and selling disposable wooden chopsticks in a perfectly competitive market. The market price is $0.05 per unit and the firm is currently producing 600 000 units per month. What is the firm's average revenue?
◦ $0.10
◦ $3000
◦ $30 000
◦ $0.01
◦ $0.05


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Marked as best answer by 903f23fj0 on Oct 12, 2022

studyforce.com

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903f23fj0

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Reply 2 on: Oct 12, 2022
Gracias!


lcapri7

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Reply 3 on: Yesterday
Excellent

 

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