At a firm's profit-maximizing level of output, its price is $200 and its short-run average total cost is $225. The firm
A) has a profit of $25 per unit of output.
B) should shut down if its short-run average fixed cost is less than $25.
C) has a loss of $100 per unit of output.
D) should shut down if its short-run average variable cost exceeds $25.

Question

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The Answer of At a firm's profit-maximizing level of output, its price is $200 and its short-run average total cost is $225. The firm
A) has a profit of $25 per unit of output.
B) should shut down if its short-run average fixed cost is less than $25.
C) has a loss of $100 per unit of output.
D) should shut down if its short-run average variable cost exceeds $25.

At a Firm's Profit-Maximizing Level of Output, Its Price Is