Table 8.1 Table 8.1 shows the short-run cost data of a perfectly competitive firm that produces plastic camera cases.Assume that output can only be increased in batches of 100 units.
-Refer to Table 8.1.If the market price of each camera case is $8, the firm's total revenue is
A)$2400
B)$3200
C)$4000
D)$4800

Question

Table 8.1  Table 8.1 shows the short-run cost data of a perfectly competitive firm that produces plastic camera cases.Assume that output can only be increased in batches of 100 units.
-Refer to Table 8.1.If the market price of each camera case is $8, the firm's total revenue is
A)$2400 
B)$3200 
C)$4000 
D)$4800

Quizplus · Accepted Answer

The Answer of Table 8.1  Table 8.1 shows the short-run cost data of a perfectly competitive firm that produces plastic camera cases.Assume that output can only be increased in batches of 100 units.
-Refer to Table 8.1.If the market price of each camera case is $8, the firm's total revenue is
A)$2400 
B)$3200 
C)$4000 
D)$4800

Table 81 Table 8