Scenario 14-2
The information below applies to a competitive firm that sells its output for $45 per unit.
• When the firm produces and sells 120 units of output, its average total cost is $23.5.
• When the firm produces and sells 121 units of output, its average total cost is $23.65.
-Refer to Scenario 14-2. When the firm produces 120 units of output, its profit is
A) $5,400.00.
B) $2,580.00.
C) $2,820.00.
D) $7,675.00.
Correct Answer:
Verified
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