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

question 234

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 and the firm maximizes profit,what is the amount of the firm's profit or loss?

• A) $0 (it breaks even)
• B) loss of $1,000
• C) profit of $440
• D) loss of $440

---

Definitions:

Highest Life Expectancy

Refers to the highest average period that a living organism or population is expected to live, often used in context to specific countries or regions.

Health Expenditure

The total spending on health care services and products within a country or economy, encompassing both public and private expenditures.

Per Capita

A statistical measure that divides a total amount by the number of individuals in the population to derive an average per person.

HIV/AIDS

Human Immunodeficiency Virus (HIV) is a virus that attacks the immune system. Acquired Immune Deficiency Syndrome (AIDS) is the most advanced stage of HIV infection, characterized by a severely compromised immune system.