Refer to the Table Shown A) $25
B) $35

question 93

Multiple Choice

Refer to the table shown. The maximum profit that the perfectly competitive firm represented by the above data could earn is: $$\begin{array} { | c | c | c | } \hline \text { Quantity } & \text { Tatal Cast } & \text { Tatal Revenue } \\\hline 10 & \$ 25 & 50 \\\hline 20 & 60 & 100 \\\hline 30 & 105 & 150 \\\hline 40 & 160 & 200 \\\hline\end{array}$$

• A) $25.
• B) $35.
• C) $45.
• D) $55.

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Definitions:

Net Income

The amount of money a company has left after all expenses, taxes, and costs have been subtracted from total revenue.

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, representing the owners' share.

Expenses

are the costs incurred in the operation of a business or the execution of a project, including money spent on goods, services, and other necessary items.

Return on Equity

A financial ratio measuring the profitability of a company expressed as a percentage of equity, indicating how effectively a company uses its equity investments to generate profits.