Table 7-1
Table 7-1 shows the short-run cost data of a perfectly competitive firm that produces plastic camera cases. Assume that output can only be increased in batches of 100 units.
-Refer to Table 7-1.If the market price of each camera case is $8,what is the profit-maximising quantity?
A) 300 units
B) 400 units
C) 500 units
D) 600 units

Question

Table 7-1
  Table 7-1 shows the short-run cost data of a perfectly competitive firm that produces plastic camera cases. Assume that output can only be increased in batches of 100 units.
-Refer to Table 7-1.If the market price of each camera case is $8,what is the profit-maximising quantity?
A) 300 units 
B) 400 units 
C) 500 units 
D) 600 units

Quizplus · Accepted Answer

The Answer of Table 7-1
  Table 7-1 shows the short-run cost data of a perfectly competitive firm that produces plastic camera cases. Assume that output can only be increased in batches of 100 units.
-Refer to Table 7-1.If the market price of each camera case is $8,what is the profit-maximising quantity?
A) 300 units 
B) 400 units 
C) 500 units 
D) 600 units

Table 7-1 Table 7-1 Shows the Short-Run Cost Data of Data