A Firm Receives $10 Per Unit at an Equilibrium Level

question 182

Multiple Choice

A firm receives $10 per unit at an equilibrium level of output of 80 units.The average total cost at 80 units of output is $8.The firm makes a total economic profit of:

• A) $120.
• B) $160.
• C) $100
• D) $80

---

Definitions:

Human Behavior

Refers to the range of actions and mannerisms exhibited by humans in conjunction with their environment or social structures.

Organizations

Entities comprising multiple individuals working together towards a shared goal or purpose, structured in a way that aims to achieve efficiency and effectiveness.

Social Exchange

A theoretical framework that explains social interactions and relationships in terms of exchanges of resources, including material goods and social currencies like approval or prestige.

Management Function

Activities such as planning, organizing, leading, and controlling that are performed to efficiently and effectively coordinate the use of resources to achieve organizational objectives.