The figure given below shows the cost curves of a firm. Figure 8.3
ATC: Average Total Cost
AVC: Average Variable Cost
MC: Marginal Cost
-In Figure 8.3,if the marginal revenue of the firm is constant at $55,calculate the profit earned by the firm?
A)$35
B)$40
C)$600
D)$4,800
E)$0

Question

The figure given below shows the cost curves of a firm. Figure 8.3  
ATC: Average Total Cost
AVC: Average Variable Cost
MC: Marginal Cost
-In Figure 8.3,if the marginal revenue of the firm is constant at $55,calculate the profit earned by the firm?
A)$35 
B)$40 
C)$600 
D)$4,800 
E)$0

Quizplus · Accepted Answer

The Answer of The figure given below shows the cost curves of a firm. Figure 8.3  
ATC: Average Total Cost
AVC: Average Variable Cost
MC: Marginal Cost
-In Figure 8.3,if the marginal revenue of the firm is constant at $55,calculate the profit earned by the firm?
A)$35 
B)$40 
C)$600 
D)$4,800 
E)$0

The Figure Given Below Shows the Cost Curves of a Firm