Table 74 Table 74 Shows the Short-Run Cost Data of a Perfectly Competitive

question 107

Multiple Choice

Table 7.4
$$\begin{array} { | c | c | c | c | } \hline \text { Quantity } & \begin{array} { c } \text { Average } \\\text { Fixed Cost }\end{array} & \begin{array} { c } \text { Average } \\\text { Variable Cost }\end{array} & \begin{array} { c } \text { Marginal } \\\text { Cost }\end{array} \\\hline 20 & \$ 40 & \$ 18 & \$ 18 \\\hline 40 & 20 & 14 & 10 \\\hline 60 & 13.1 & 16 & 20 \\\hline 80 & 10 & 22 & 40 \\\hline 100 & 8 & 30 & 62 \\\hline 120 & 6.61 & 40 & 90 \\\hline\end{array}$$ Table 7.4 shows the short-run cost data of a perfectly competitive firm. Assume that output can only be increased in batches of 20 units.
-Refer to Table 7.4.If the market price is $45,the firm

• A) will earn a profit of $3600.
• B) will suffer a loss of $200.
• C) will break even.
• D) will earn profit of $1040.

Evaluate strategies for enhancing workplace diversity and inclusivity, specifically through company policies like flexible work arrangements.

Analyze the relationship between employee satisfaction, job performance, and organizational effectiveness.

Examine the influence of emotions on personal well-being and professional conduct.

Understand the varying influences of job satisfaction and organizational commitment over time.

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Definitions:

Functions

are fundamental operations or activities that are carried out within an organization in order to achieve its objectives.

Find A Business

The process of identifying and locating a particular company or entrepreneurial opportunity within a specific industry or market.

Material Handling Costs

Expenses associated with the moving, storing, and control of materials in a manufacturing or warehousing environment.

Competitive Advantage

A condition or attribute that allows a company to outperform its competitors, often achieved through offering superior value to customers or operating more efficiently.