Table 12-1
Table 12-1 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 12-1.If the market price of each camera case is $8, what is the firm's total revenue?
A) $2,400
B) $3,200
C) $4,000
D) $4,800
Correct Answer:
Verified
Q42: Table 12-1 Q43: Table 12-1 Q44: A perfectly competitive firm produces 3,000 units Q45: Figure 12-1 Q52: If the market price is $25, the Q56: Which of the following is not true Q57: Figure 12-1 Q58: Why are individual buyers and sellers in Q59: Figure 12-1 Q68: In a graph with output on the Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
![]()
![]()
![]()
![]()
![]()