Figure 7-4 Figure 7-4 shows the cost and demand curves for a profit-maximising firm in a perfectly competitive market.
-Refer to Figure 7-4.If the market price is $30 and if the firm is producing output,what is the amount of its total variable cost?
A) $7200
B) $6480
C) $5400
D) $3960

Question

Figure 7-4  Figure 7-4 shows the cost and demand curves for a profit-maximising firm in a perfectly competitive market.
-Refer to Figure 7-4.If the market price is $30 and if the firm is producing output,what is the amount of its total variable cost?
A) $7200 
B) $6480 
C) $5400 
D) $3960

Quizplus · Accepted Answer

The Answer of Figure 7-4  Figure 7-4 shows the cost and demand curves for a profit-maximising firm in a perfectly competitive market.
-Refer to Figure 7-4.If the market price is $30 and if the firm is producing output,what is the amount of its total variable cost?
A) $7200 
B) $6480 
C) $5400 
D) $3960

Figure 7-4 Figure 7-4 Shows the Cost and Demand