Table 12-1

Table 12-1 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 12-1.If the market price of each camera case is $8, what is the profit-maximizing quantity according to the MR = MC rule?
A)300 units
B)400 units
C)500 units
D)600 units

Question

Table 12-1
  
Table 12-1 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 12-1.If the market price of each camera case is $8, what is the profit-maximizing quantity according to the MR = MC rule?
A)300 units 
B)400 units 
C)500 units 
D)600 units

Quizplus · Accepted Answer

The Answer of Table 12-1
  
Table 12-1 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 12-1.If the market price of each camera case is $8, what is the profit-maximizing quantity according to the MR = MC rule?
A)300 units 
B)400 units 
C)500 units 
D)600 units

Table 12-1 Table 12-1 Shows the Short-Run Cost Data of a Perfectly