Table 17-10 The Table Shows the Demand Schedule for a Particular Product

question 175

Multiple Choice

Table 17-10
The table shows the demand schedule for a particular product.
-Refer to Table 17-10. If this market is perfectly competitive and the marginal cost is constant at $40 per unit, then how much output will be produced?

• A)900
• B)1,200
• C)1,500
• D)1,800

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