Table 12-3 Table 12-3 Shows the Short-Run Cost Data of Data

question 146

Multiple Choice

Table 12-3
Table 12-3 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 12-3.If the market price is $45,the firm

• A)earn a profit of $3,600.
• B)will suffer a loss of $200.
• C)will break even.
• D)will earn profit of $1,040.

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