Use the table below to answer the following questions.
Table 12.1.1

-Refer to Table 12.1.1 which gives the demand schedule for a perfectly competitive firm. If the firm sells 6 units of output, marginal revenue is
A) $15.
B) $30.
C) $75.
D) $90.
E) $105.
Correct Answer:
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Q1: An example of a perfectly competitive industry
Q3: Which one of the following does not
Q6: Economic profit equals
A)total fixed cost plus total
Q9: Marginal revenue is
A)the change in total quantity
Q11: Perfect competition occurs in a market where
Q12: Use the table below to answer the
Q12: In a perfectly competitive market,the market demand
Q13: A price-taking firm faces a
A)perfectly inelastic demand.
B)downward-sloping
Q17: The slope of a perfectly competitive firm's
Q18: For perfect competition to arise,it is necessary
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