Refer to the table shown. The maximum profit that the perfectly competitive firm represented by the above data could earn is: $$\begin{array} { | c | c | c | }
\hline \text { Quantity } & \text { Tatal Cast } & \text { Tatal Revenue } \
\hline 10 & \$ 25 & 50 \
\hline 20 & 60 & 100 \
\hline 30 & 105 & 150 \
\hline 40 & 160 & 200 \
\hline
\end{array}$$
A) $25.
B) $35.
C) $45.
D) $55.

Question

Refer to the table shown. The maximum profit that the perfectly competitive firm represented by the above data could earn is: $$\begin{array} { | c | c | c | } 
\hline \text { Quantity } & \text { Tatal Cast } & \text { Tatal Revenue } \
\hline 10 & \$ 25 & 50 \
\hline 20 & 60 & 100 \
\hline 30 & 105 & 150 \
\hline 40 & 160 & 200 \
\hline
\end{array}$$
A) $25.
B) $35.
C) $45.
D) $55.

Quizplus · Accepted Answer

The maximum profit is calculated by subtracting total cost from total revenue at each quantity level. The highest profit is at 40 units: $200 (total revenue) - $160 (total cost) = $40. However, the closest choice is $45, which seems to be a mistake in the options.

Refer to the Table Shown A) $25 B) $35

Refer to the Table Shown A) $25
B) $35