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

question 79

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

• A) earn a profit of $3,600.
• B) will suffer a loss of $200.
• C) will break even.
• D) will earn profit of $1,040.

---

Definitions:

Major Institutions

Key established organizations or foundations, especially those influential in society, like schools, hospitals, or banks.

Decreased Substantially

Reduced in size, amount, or extent by a large margin.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors, driving individuals to pursue and achieve their objectives.

Enables People

Empowering or giving individuals the means to achieve goals, perform tasks, or make certain decisions.