Question

If a perfectly competitive firm produces 100 units, and the market price is ( $ 20) per unit, the firm's total revenue will be :

Answer 1

The firm's total revenue will be $2000.

Step-by-step explanation:

In a perfectly competitive market, the firm's total revenue is calculated by multiplying the market price by the quantity of units produced. In this case, the firm produces 100 units and the market price is $20 per unit. Therefore, the total revenue for the firm would be $20 * 100 = $2000.