If a perfectly competitive firm sells 10 units of output at $30 per unit,its marginal revenue is:

A) $10.
B) $30.
C) more than $30.
D) $300.

Question

If a perfectly competitive firm sells 10 units of output at $30 per unit,its marginal revenue is:A) $10.B) $30.C) more than $30.D) $300.

Paige Delgado · Accepted Answer

Final Answer : B, Explanation :  In a perfectly competitive market, the firm is a price-taker, meaning it cannot influence the market price. Therefore, the firm's marginal revenue is equal to the market price, which in this case is $30 per unit.

If a perfectly competitive firm sells 10 units of output at $30 per unit,its marginal revenue is:

A) $10.
B) $30.
C) more than $30.
D) $300.

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