A firm sells 20 units of a good at a price of $5 per unit. If the average cost of production of the good equals $3 per unit, the firm's revenue is:
A) $40.
B) $60.
C) $100.
D) $120.
C
Economics
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Indicate whether the statement is true or false
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Rent control is an example of
A) a price floor. B) a price ceiling. C) the rationing function of prices not working. D) the government increasing the demand for certain products.
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