Consider the following short-run cost curves for a profit-maximizing firm in a perfectly competitive industry. 
FIGURE 9-2
-Refer to Figure 9-2.If the market price is $1,the firm will produce ________ units of output in the short run.
Definitions:
Breakeven Point
The point at which total cost and total revenue are equal, meaning no net loss or gain is incurred.
Total Revenues
Represents the total amount of income generated by the sale of goods or services related to the company's primary operations.
Total Costs
The complete amount of expenses incurred by a business to produce, market, and sell a product or service, including fixed and variable costs.
Fixed Costs
Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and insurance premiums.
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