Figure 12-4 Figure 12-4 Shows the Cost and Demand Curves for a and Demand

question 86

Multiple Choice

Figure 12-4

Figure 12-4 shows the cost and demand curves for a profit-maximizing firm in a perfectly competitive market.
-Refer to Figure 12-4.If the market price is $30 and the firm is producing output, what is the amount of the firm's profit or loss?

• A)loss of $1,080
• B)profit of $1,440
• C)loss of $2,520
• D)profit of $1,300

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