Refer to the Accompanying Graph

question 106

Multiple Choice

Refer to the accompanying graph. If this firm is a price taker, then when the price of each unit of output is $30, how much profit does this firm earn at its profit-maximizing level of output?

• A)$500
• B)$800
• C)$1,200
• D)$1,600

---

Definitions:

Wicker Furniture

Furniture made from woven materials like rattan, cane, or bamboo, known for its lightweight, durable, and natural aesthetic.

Demonstration

The act of showing how a product works or what benefits it offers to convince a potential customer to make a purchase.

Purchasing Decision

The process or action of deciding to buy a product or service, often influenced by factors like needs, desires, price, and marketing.

Salesperson

An individual who promotes and sells products or services on behalf of a company, aiming to meet customer needs and achieve sales targets.