Answered: The total revenue of a purely…

The total revenue of a purely competitive firm from selling 6 units of output is $48. Based on this information, the unit price of the output must be Multiple Choice $8. $42. $288. $54.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter22: Perfect Competition

Section: Chapter Questions

Problem 10QP

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The total revenue of a purely competitive firm from selling 6 units of output is $48. Based on this information, the unit price of the output must be

Multiple Choice

$8.
$42.
$288.
$54.

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