Table 9-1 Table 9-1 Shows the Short-Run Cost Data of a Perfectly

question 196

Multiple Choice

Table 9-1
$\begin{array}{|c|c|c|}\hline \text { Quantity } & \begin{array}{c}\text { Total Cost } \\\text { (dollars) }\end{array} & \begin{array}{c}\text { Variable Cost } \\\text { (dollars) }\end{array} \\\hline 0 & \$ 1,000 & \$ 0 \\\hline 100 & 1,360 & 360 \\\hline 200 & 1,560 & 560 \\\hline 300 & 1,960 & 960 \\\hline 400 & 2,760 & 1,760 \\\hline 500 & 4,000 & 3,000 \\\hline 600 & 5,800 & 4,800 \\\hline\end{array}$ Table 9-1 shows the short-run cost data of a perfectly competitive firm that produces plastic camera cases. Assume that output can only be increased in batches of 100 units.
-Refer to Table 9-1.If the market price of each camera case is $8,what is the firm's total revenue when the profit-maximizing quantity is found at the output where MR = MC?

• A) $2,400
• B) $3,200
• C) $4,000
• D) $4,800

---

Definitions:

Financial Difficulty

A situation where an individual or organization struggles to manage their finances and meet their financial obligations.

Breach of Confidence

An unauthorized use or disclosure of confidential information that was shared in a trusted relationship.

Secret Research Data

Confidential information generated from scientific or academic studies that is not disclosed to the public.

Injunction

A court order requiring an individual or entity to do or cease doing a specific action.