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Figure 9-5 Figure 9-5 Shows Cost and Demand Curves Facing

Question 105

Multiple Choice

Figure 9-5
Figure 9-5 Figure 9-5 shows cost and demand curves facing a typical firm in a constant-cost, perfectly competitive industry. -Refer to Figure 9-5.The firm's manager suggests that the firm's goal should be to maximize average profit.If the firm does this,what is the amount of profit that it will earn? A) $6,600 B) $6,750 C) $12,150 D) $36,000 Figure 9-5 shows cost and demand curves facing a typical firm in a constant-cost, perfectly competitive industry.
-Refer to Figure 9-5.The firm's manager suggests that the firm's goal should be to maximize average profit.If the firm does this,what is the amount of profit that it will earn?


A) $6,600
B) $6,750
C) $12,150
D) $36,000

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