If at Optimum Output of 1,000 Units, the Firm Is

question 117

Multiple Choice

If at optimum output of 1,000 units, the firm is incurring average variable cost per unit of $3, average fixed cost per unit of $1.50, and selling its output at $7 per unit, total profit is

• A)$7,000.
• B)$2,500.
• C)$1,500.
• D)$250.

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Definitions:

mRNA

Messenger RNA, a single-stranded RNA molecule that conveys genetic information from DNA to the ribosome, where proteins are synthesized.

Genetic Code

Complete set of sixty-four mRNA codons.

mRNA Codons

Triplets of nucleotides in messenger RNA that specify the addition of a specific amino acid or the termination of translation.

Cytoplasm

Semifluid substance enclosed by a cell’s plasma membrane.