Use the Following to Answer Questions

question 240

Multiple Choice

Use the following to answer questions:
-(Table: Total Cost and Output) Look at the table Total Cost and Output, which describes Sergei's total costs for his perfectly competitive all-natural ice cream firm. If the market price of a tub of ice cream is $35, how much is Sergei's profit at the optimal short-run output?

• A) -$5
• B) $110
• C) $180
• D) $330

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