If the market price is $40 in a perfectly competitive market, what is the marginal revenue from selling the fifth unit?
A) $8.
B) $20.
C) $40.
D) $200.
Correct Answer:
Verified
Q59: Table 8.1 Q60: Figure 8.2 Q62: For a perfectly competitive firm, to what Q65: At the profit-maximising level of output for Q67: To maximise profit, a perfectly competitive firm Q68: Assume that price is greater than average Q69: For a perfectly competitive firm, at profit Q70: For a firm in a perfectly competitive Q72: Mark Frost grows apples in a perfectly Q99: What is the relationship among the following![]()
![]()
A)should
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents