Consider the following short-run cost curves for a profit-maximizing firm in a perfectly competitive industry. FIGURE 9-2
-Refer to Figure 9-2.If the current market price is $6,the profit-maximizing output for this firm is
A)100 units.
B)200 units.
C)300 units.
D)400 units.
E)500 units.

Question

Consider the following short-run cost curves for a profit-maximizing firm in a perfectly competitive industry.  FIGURE 9-2
-Refer to Figure 9-2.If the current market price is $6,the profit-maximizing output for this firm is
A)100 units. 
B)200 units. 
C)300 units. 
D)400 units. 
E)500 units.

Quizplus · Accepted Answer

The Answer of Consider the following short-run cost curves for a profit-maximizing firm in a perfectly competitive industry.  FIGURE 9-2
-Refer to Figure 9-2.If the current market price is $6,the profit-maximizing output for this firm is
A)100 units. 
B)200 units. 
C)300 units. 
D)400 units. 
E)500 units.

Consider the Following Short-Run Cost Curves for a Profit-Maximizing Firm