A Certain Firm's Marginal Cost, in Dollars, for a Product

question 2

Multiple Choice

A certain firm's marginal cost, in dollars, for a product is , its marginal revenue, in dollars, is , and its total cost of production of 8 items is $900. Find the profit or loss at the optimal level of production. Round your answer to the nearest dollar. ​

• A)$172 loss
• B)$172 profit
• C)$820 profit
• D)$820 loss
• E)$400 loss

Identify the types of fringe benefits offered by employers and recognize non-fringe benefits.

Understand the responsibilities and roles of practice managers in HR functions such as hiring, training, and disciplining employees.

Recognize the contents and significance of the office policy manual.

Grasp the standard practices related to employee vacation time, personal time, and the process of updating policy manuals.

---

Definitions:

Gross Profit

Gross profit refers to the difference between revenue and the cost of goods sold before administrative, overhead, and other expenses.

Receivables Turnover Ratio

A financial metric that measures a company's effectiveness in extending credit and collecting debts, calculated by dividing net credit sales by the average accounts receivable.

Net Sales

The amount of sales revenue remaining after deducting returns, allowances for damaged or missing goods, and discounts.

Accounts Receivable

Funds that customers owe to a business for products or services that have been received but remain unpaid.