A Perfectly Competitive Firm Produces 3,000 Units of a Good

question 93

Multiple Choice

A perfectly competitive firm produces 3,000 units of a good at a total cost of $36,000.The price of each good is $10.Calculate the firm's short-run profit or loss.

• A)loss of $6,000
• B)profit of $6,000
• C)profit of $30,000
• D)There is insufficient information to answer the question.

---

Definitions:

Pests

Organisms considered undesirable because they cause damage to agriculture, homes, or human health.

Atrazine

A herbicide widely used to control broadleaf and grassy weeds in crops, though concerns exist regarding its environmental and health impacts.

Simazine

A triazine herbicide used to control broad-leaved weeds and grasses in agricultural and non-agricultural settings, but noted for potential environmental impacts.

Pesticides

Substances used to kill or control pests, including insects, weeds, and disease-causing organisms, in agricultural and other settings.