Table 7-3 Table 7-3 Shows the Short-Run Cost Data of Data

question 86

Multiple Choice

Table 7-3
Table 7-3 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 7-3.If the market price is $45 the firm will produce

• A) 60 units.
• B) 80 units.
• C) 100 units
• D) 120 units

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