The Table Given Below Shows the Total Revenue and Total

question 126

Multiple Choice

The table given below shows the total revenue and total cost of a firm at different levels of output.Table 10.2

-Given a perfectly competitive market structure, at the profit-maximizing output level, a firm's total fixed cost is $10, total variable cost is $100, marginal revenue is $4, and the quantity demanded is 50. The total profit earned by the firm is:

• A)$70.
• B)$65.
• C)$90.
• D)$75.

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Definitions:

Cash Flow Estimates

A projection of how cash is expected to flow in and out of a business over a given period of time, helping in financial planning and analysis.

Economic Forecasts

Predictions or estimates about future economic conditions and trends, often based on statistical models and current data.

Probabilities

The measure of the likelihood that an event will occur, often expressed as a number between 0 and 1.

Cost Of Capital

The rate of return that a company must earn on its investments to maintain its market value and attract funds.