Table 7-3
Table 7-3 shows the short-run cost data of a perfectly competitive firm. Assume that output can only be increased in batches of 20 units.
-Refer to Table 7-3.If the market price is $45,the firm
A) will earn a profit of $3600.
B) will suffer a loss of $200.
C) will break even.
D) will earn profit of $1040.

Question

Table 7-3
  Table 7-3 shows the short-run cost data of a perfectly competitive firm. Assume that output can only be increased in batches of 20 units.
-Refer to Table 7-3.If the market price is $45,the firm
A) will earn a profit of $3600. 
B) will suffer a loss of $200. 
C) will break even. 
D) will earn profit of $1040.

Quizplus · Accepted Answer

The Answer of Table 7-3
  Table 7-3 shows the short-run cost data of a perfectly competitive firm. Assume that output can only be increased in batches of 20 units.
-Refer to Table 7-3.If the market price is $45,the firm
A) will earn a profit of $3600. 
B) will suffer a loss of $200. 
C) will break even. 
D) will earn profit of $1040.

Table 7-3 Table 7-3 Shows the Short-Run Cost Data of Data