Table 12-1 Table 12-1 Shows the Short-Run Cost Data of a Perfectly

question 40

Multiple Choice

Table 12-1

Table 12-1 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 12-1.If the market price of each camera case is $8, what is the firm's total revenue when the profit-maximizing quantity is found at the output where MR = MC?

• A)$2,400
• B)$3,200
• C)$4,000
• D)$4,800

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