Table 9-1 Table 9-1 Shows the Short-Run Cost Data of a Perfectly
Question 52
Question 52
Multiple Choice
Table 9-1 Quantity 0100200300400500600 Total Cost (dollars) $1,0001,3601,5601,9602,7604,0005,800 Variable Cost (dollars) $03605609601,7603,0004,800 Table 9-1 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 9-1.If the market price of each camera case is $8,what is the firm's total revenue?
A) $2,400 B) $3,200 C) $4000 D) $4,800
Correct Answer:
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