Table 81 Table 8

question 258

Multiple Choice

Table 8.1 Table 8.1 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 8.1.If the market price of each camera case is $8 and the firm maximises profit, what is the amount of the firm's profit or loss?

• A)$0 (it breaks even)
• B)Loss of $1000
• C)Profit of $440
• D)Loss of $440

---

Definitions:

Transferred

In the context of property or legal rights, refers to the act of moving ownership, authority, or responsibility from one party to another.

Validly Executed

A legal term indicating that a document has been signed and carried out according to the required legal formalities.

Warehouse Receipt

A document that provides proof of ownership of commodities (e.g., goods or merchandise) stored in a warehouse.

Bill of Lading

A document issued by a carrier to acknowledge receipt of cargo for shipment.