Assume a Certain Competitive Price-Taker Firm Is Producing Q =

question 258

Multiple Choice

Assume a certain competitive price-taker firm is producing Q = 1,000 units of output. At Q = 1,000, the firm's marginal cost equals $15 and its average total cost equals $11. The firm sells its output for $12 per unit. At Q = 1,000, the firm's profit amounts to

• A) −$200.
• B) $1,000.
• C) $3,000.
• D) $4,000.

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Russia

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Court of Equity

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Assignment of Claims

The transfer of rights or claims from one party to another, allowing the assignee to collect the claim or benefit directly.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, designed to unify business laws across states.