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Question 51

Multiple Choice

Refer to the graph shown. If market price is currently $5.00 per unit, this perfectly competitive firm will maximize profit by producing: Refer to the graph shown. If market price is currently $5.00 per unit, this perfectly competitive firm will maximize profit by producing: A) 450 units of output. B) 650 units of output. C) 850 units of output. D) between 550 and 650 units of output.


A) 450 units of output.
B) 650 units of output.
C) 850 units of output.
D) between 550 and 650 units of output.

Correct Answer:

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