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Figure 84 Figure 8

Question 91

Multiple Choice

Figure 8.4 Figure 8.4 Figure 8.4 shows the cost and demand curves for a profit-maximising firm in a perfectly competitive market. -Refer to Figure 8.4.If the market price is $30 and if the firm is producing output, the amount of its total variable cost is A) $7200 B) $6480 C) $5400 D) $3960 Figure 8.4 shows the cost and demand curves for a profit-maximising firm in a perfectly competitive market.
-Refer to Figure 8.4.If the market price is $30 and if the firm is producing output, the amount of its total variable cost is


A) $7200
B) $6480
C) $5400
D) $3960

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