Juan's Software Service Company Is in a Perfectly Competitive Market

question 261

Multiple Choice

Juan's Software Service Company is in a perfectly competitive market.Juan has total fixed cost of $25,000,average variable cost for 1,000 service calls is $45,and marginal revenue is $75.Juan's makes 1,000 service calls a month.What is his economic profit?

• A) $5,000
• B) $25,000
• C) $45,000
• D) $75,000
• E) $50,000

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Pain Relief

Techniques or medications used to reduce or eliminate physical discomfort or pain.

Anorexic

One suffering from anorexia.

Anorexia

An eating disorder characterized by an abnormally low body weight, intense fear of gaining weight, and a distorted perception of body weight or shape.

Suffering

The experience of pain, discomfort, or distress, either physically, emotionally, or psychosocially.