Multiple Choice
Table 9-4
Table 9-4 shows the short-run cost data of a perfectly competitive firm. Assume that output can only be increased in batches of 20 units.
-Refer to Table 9-4.If the market price is $45 the firm will produce
A) 60 units.
B) 80 units.
C) 100 units.
D) 120 units.
Correct Answer:
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