Table 12-4

Table 12-4 shows the short-run cost data of a perfectly competitive firm. Assume that output can only be increased in batches of 20 units.
-Refer to Table 12-4.If the market price is $45, the firm
A)will earn a profit of $3,600.
B)will suffer a loss of $200.
C)will break even.
D)will earn profit of $1,040.

Question

Table 12-4
  
Table 12-4 shows the short-run cost data of a perfectly competitive firm. Assume that output can only be increased in batches of 20 units.
-Refer to Table 12-4.If the market price is $45, the firm
A)will earn a profit of $3,600. 
B)will suffer a loss of $200. 
C)will break even. 
D)will earn profit of $1,040.

Quizplus · Accepted Answer

The Answer of Table 12-4
  
Table 12-4 shows the short-run cost data of a perfectly competitive firm. Assume that output can only be increased in batches of 20 units.
-Refer to Table 12-4.If the market price is $45, the firm
A)will earn a profit of $3,600. 
B)will suffer a loss of $200. 
C)will break even. 
D)will earn profit of $1,040.

Table 12-4 Table 12-4 Shows the Short-Run Cost Data of a Perfectly