Table 12-4 Table 12-4 Shows the Short-Run Cost Data of a Perfectly

question 172

Multiple Choice

Table 12-4

Table 12-4 shows the short-run cost data of a perfectly competitive firm. Assume that output can only be increased in batches of 20 units.
-Refer to Table 12-4.If the market price is $45 the firm will produce

• A)60 units.
• B)80 units.
• C)100 units.
• D)120 units.

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Relevance

The quality of being closely connected or appropriate to the matter at hand.