A Perfectly Competitive Firm Produces 3000 Units of a Good

question 138

Multiple Choice

A perfectly competitive firm produces 3000 units of a good at a total cost of $36 000.The price of each good is $10.Calculate the firm's short-run profit or loss.

• A) Loss of $6000
• B) Profit of $6000
• C) Profit of $30 000
• D) There is insufficient information to answer the question.

---

Definitions:

Palmar Reflex

An involuntary response observed in infants, where the hand closes over an object placed in the palm.

Motor Development

The process of change in physical movement capabilities observed across the lifespan from infancy through adulthood.

Social Functioning

The ability of an individual to interact and perform in a social environment, encompassing both the performance of daily activities and the quality of relationships with others.

Intellectual Functioning

The capacity of an individual to act purposefully, think rationally, and deal effectively with the environment, often measured by intelligence quotient (IQ) tests.