ining: 1:27:29 111.14.2-MC-MANK08 Save Su Scenario 144 The information below app

Question

ining: 1:27:29 111.14.2-MC-MANK08 Save Su Scenario 144 The information below applies to a competitive firm that sellsits output for $40 per unit. . When the firm produces and sells 150 units of output, its average total cost is $24 50, When the firm produces and sells 151 units of output, its average total cost is $24.55. O Refer to Scenario 14-4. Let Q represent the quantity of output, Which of the following magnitudes has the same value at g- 150 and at Q- 151? O a. average fixed cost O b. average revenue c, total cost d. total revenue 111.14.2-MC-MANK08

Explanation / Answer

Answer
Option b
Average revenue
because the average revenue is same at both paces
the TR=P*Q
AR=P*Q/Q=P=$40
the AR is equal to price and that is same at both level.

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