Multiple Choice
Table 10.1
Table 10.1 shows the short-run cost data of a perfectly competitive firm that produces plastic camera cases. Assume that output can only be increased in batches of 100 units.
-Refer to Table 10.1.If the market price of each camera case is $8, what is the firm's total revenue?
A) $2,400
B) $3,200
C) $4000
D) $4,800
Correct Answer:
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