The Total Fixed Costs of a Perfectly-Competitive Manufacturer Are $500,and

question 23

Multiple Choice

The total fixed costs of a perfectly-competitive manufacturer are $500,and its marginal costs are as follows:

-Refer to the above information to answer this question.If the price of the product is $160,how many will the manufacturer produce and what will be its profit or loss?

• A)0 and a loss of $500.
• B)5 and a loss of $190.
• C)5 and a profit of $310.
• D)6 and a loss of $240.
• E)8 and a profit of $140.

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Definitions:

Situation (SWOT) Analysis

A strategic planning tool used to identify and understand Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Marketing Program

A comprehensive plan that integrates various marketing strategies and tools to achieve business targets and objectives.

Customer Value Proposition

The collection of benefits and values that a company promises to deliver to its customers to satisfy their needs.

SWOT Analysis

A strategic planning tool used to identify and evaluate the Strengths, Weaknesses, Opportunities, and Threats related to a business or project.