Kyrie owns a company in a competitive market that generates $800 in total revenue and has a marginal revenue of $20. If Kyrie is maximizing profit what quantity of goods are being sold and at what price? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 20 units are being sold at a price of $40. 20 units are being sold at a price of $20. 40 units are being sold at a price of $80. d 40 units are being sold at a price of $20. e 80 units are being sold at a price of $20. 80 units are being sold at a price of $40.
Kyrie owns a company in a competitive market that generates $800 in total revenue and has a marginal revenue of $20. If Kyrie is maximizing profit what quantity of goods are being sold and at what price? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 20 units are being sold at a price of $40. 20 units are being sold at a price of $20. 40 units are being sold at a price of $80. d 40 units are being sold at a price of $20. e 80 units are being sold at a price of $20. 80 units are being sold at a price of $40.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![Kyrie owns a company in a competitive market that generates $800 in total
revenue and has a marginal revenue of $20. If Kyrie is maximizing profit what
quantity of goods are being sold and at what price?
Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select
an answer.
a
20 units are being sold at a price of $40.
b
20 units are being sold at a price of $20.
40 units are being sold at a price of $80.
d.
40 units are being sold at a price of $20.
e
80 units are being sold at a price of $20.
f
80 units are being sold at a price of $40.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4b70d3fc-9c37-4276-8bee-2d834148a756%2Fd6a45ab8-2f3c-49e0-838c-04053bfa9ee1%2Fub85ewt7_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Kyrie owns a company in a competitive market that generates $800 in total
revenue and has a marginal revenue of $20. If Kyrie is maximizing profit what
quantity of goods are being sold and at what price?
Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select
an answer.
a
20 units are being sold at a price of $40.
b
20 units are being sold at a price of $20.
40 units are being sold at a price of $80.
d.
40 units are being sold at a price of $20.
e
80 units are being sold at a price of $20.
f
80 units are being sold at a price of $40.
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