Use the Following to Answer Question

question 44

Multiple Choice

Use the following to answer question:
-(Table: Total Cost for a Perfectly Competitive Firm) Use Table: Total Cost for a Perfectly Competitive Firm.If the market price is $4.50,profit at the profit-maximizing quantity of output is:

• A)$2.00.
• B)$4.50.
• C)$5.00.
• D)$34.00.

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Definitions:

Operating Revenue

Revenue earned from a company’s primary business activities, excluding items like investment revenue.

Car Dealership

A business that specializes in the sale of new or used cars.

Office Supplies

Office supplies refer to various items and equipment used in offices or for professional purposes, such as stationery, computers, and furniture.

Expenses

Outflows or other using-up of assets or incurrences of liabilities during a period from delivering or producing goods, rendering services, or carrying out other activities.