Table 8.4 Table 8.4 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 8.4.If the market price is $45, the firm
A)will earn a profit of $3600.
B)will suffer a loss of $200.
C)will break even.
D)will earn profit of $1040.

Question

Table 8.4  Table 8.4 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 8.4.If the market price is $45, the firm
A)will earn a profit of $3600. 
B)will suffer a loss of $200. 
C)will break even. 
D)will earn profit of $1040.

Quizplus · Accepted Answer

The Answer of Table 8.4  Table 8.4 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 8.4.If the market price is $45, the firm
A)will earn a profit of $3600. 
B)will suffer a loss of $200. 
C)will break even. 
D)will earn profit of $1040.

Table 84 Table 8