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Suppose That a Firm Is Currently Maximizing Its Short-Run Profit

Question 203

Multiple Choice

Suppose that a firm is currently maximizing its short-run profit at an output of 50 units.If the current price is $9,the marginal cost of the 50th unit is $9,and the average total cost of producing 50 units is $4,what is the firm's profit?


A) $0
B) $200
C) $250
D) $450

Correct Answer:

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