Consider the Price and Quantity Data Below for a Perfectly

question 89

Multiple Choice

Consider the price and quantity data below for a perfectly competitive firm producing mousetraps. $$\begin{array}{l}\begin{array} { | l | l | } \hline \text { Price } ( \$ ) & \text { Quantity } \\\hline 5 & 1000 \\\hline 5 & 1250 \\\hline 5 & 1500 \\\hline 5 & 1750 \\\hline 5 & 2000 \\\hline\end{array}\\\text { TABLE 9-1 }\end{array}$$
-Refer to Table 9- 1. Suppose this firm is producing 1250 mousetraps and its average total cost is $4 per unit. The firm will be

• A) suffering losses of $5000.
• B) earning profits of $1250.
• C) earning profits of $5000.
• D) suffering losses of $1250.
• E) breaking even.

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