A Perfectly Competitive Firm Maximizes Profit by Producing 500 Units

question 40

Multiple Choice

A perfectly competitive firm maximizes profit by producing 500 units of output, selling each unit for $10. The firm's average variable cost is $7 and average fixed cost is $2. What is the firm's producer surplus?

• A) $500
• B) $1,500
• C) $1,000
• D) $1

---

Definitions:

History Of Abuse

History of Abuse involves a record of past mistreatment or harm inflicted by one individual onto another, which can be physical, emotional, sexual, or psychological in nature.

Abusive Environment

An environment where individuals are subjected to harmful, violent, or demeaning behavior.

Acting Out Behaviors

Exhibiting negative or disruptive behaviors as a response to emotional distress or unresolved issues.

Birth Control

Various methods used to prevent pregnancy, including hormonal contraceptives, barrier methods, and surgical procedures.