Exhibit 10-4
-Refer to Exhibit 10-4. If the firm produces at 200, then its profit per unit of output is

Name: Exhibit 10-4 -Refer to Exhibit 10-4. If the firm produces at 200, then its profit per unit of output is
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Question

Exhibit 10-4 
-Refer to Exhibit 10-4. If the firm produces at 200, then its profit per unit of output is

Quizplus · Accepted Answer

From the exhibit, at 200 units of output, the firm's total cost is $400 and total revenue is $600. Therefore, profit per unit of output is ($600 - $400) / 200 = $3. Choice B is the only option that matches this calculation.

Exhibit 10-4 -Refer to Exhibit 10-4. If the Firm Produces at 200