A firm faces the demand for its product, , as shown in the figure below. It produces under conditions of constant costs in the long run, and LMC = LAC = $12 per unit. Answer Questions .
-At the profit-maximizing uniform price, the firm earns economic profit of __________ when it engages in uniform pricing.
A) $3,872
B) $4,728
C) $4,874
D) $5,428
E) none of the above

Question

A firm faces the demand for its product, , as shown in the figure below. It produces under conditions of constant costs in the long run, and LMC = LAC = $12 per unit. Answer Questions  . 
-At the profit-maximizing uniform price, the firm earns economic profit of __________ when it engages in uniform pricing.
A) $3,872 
B) $4,728 
C) $4,874 
D) $5,428 
E) none of the above

Quizplus · Accepted Answer

The Answer is A

A Firm Faces the Demand for Its Product, , as Shown