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 the firm is producing output,what is the amount of the firm's profit or loss?
A) Loss of $1080
B) Profit of $1440
C) Loss of $2520
D) Profit of $1300

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 the firm is producing output,what is the amount of the firm's profit or loss?
A) Loss of $1080 
B) Profit of $1440 
C) Loss of $2520 
D) Profit of $1300

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 the firm is producing output,what is the amount of the firm's profit or loss?
A) Loss of $1080 
B) Profit of $1440 
C) Loss of $2520 
D) Profit of $1300

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