Table 9-1 Table 9-1 Shows the Short-Run Cost Data of a Perfectly

question 234

Multiple Choice

Table 9-1
$\begin{array}{|c|c|c|}\hline \text { Quantity } & \begin{array}{c}\text { Total Cost } \\\text { (dollars) }\end{array} & \begin{array}{c}\text { Variable Cost } \\\text { (dollars) }\end{array} \\\hline 0 & \$ 1,000 & \$ 0 \\\hline 100 & 1,360 & 360 \\\hline 200 & 1,560 & 560 \\\hline 300 & 1,960 & 960 \\\hline 400 & 2,760 & 1,760 \\\hline 500 & 4,000 & 3,000 \\\hline 600 & 5,800 & 4,800 \\\hline\end{array}$ Table 9-1 shows the short-run cost data of a perfectly competitive firm that produces plastic camera cases. Assume that output can only be increased in batches of 100 units.
-Refer to Table 9-1.If the market price of each camera case is $8 and the firm maximizes profit,what is the amount of the firm's profit or loss?

• A) $0 (it breaks even)
• B) loss of $1,000
• C) profit of $440
• D) loss of $440

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Definitions:

Family Therapist

A psychotherapist specializing in treating family dynamics and relationships, often addressing patterns of behavior and communication issues within the family unit.

Psychological Disorders

Mental health conditions marked by significant disturbances in an individual's thoughts, feelings, or behaviors, affecting their ability to function in daily life.

Family Unit

A social group in society typically consisting of parents and their children living together.

Developmental Psychopathology

The study of the origin and evolution of psychological disorders, considering the influence of biological, psychological, and sociocultural factors across the lifespan.