Table 81 Table 8

question 64

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.The firm will not produce in the short run if the output price falls below

• A)$8.
• B)$4.
• C)$3.20.
• D)$2.80.