Table 7-A
Revenue and Cost Data for a Perfectly Competitive

question 90

Multiple Choice

Table 7-A
Revenue and Cost Data for a Perfectly Competitive Firm
$$\begin{array} { c c c c c c c } \text { Daily } & \text { Price } & \text { Total } & \text { TFC } & \text { TVC } & \text { TC } & \text { Profit } \\\text { Output } && \text { Revenue } & & & & \\0 & \$ 20 & \$0 & V&\$0& \$ 50 & - \$ 50 \\1 & \$ 20 & \$ 20 & \$ 50 & \$ 12 & \$ W & - \$ 42 \\2 & \mathbf { X } & \$ 40 & \$ 50 & Y & \$ 78 & - \$ 38 \\3 & \$ 20 & \$ 60 & \$ 50 & \$ 45 & \$ 95 & Z\end{array}$$
-Refer to Table 7-A.The AVC of producing three units of output equals:

• A)$15.
• B)$31.66.
• C)$45.
• D)$50.
• E)95.

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Definitions:

Foster Development

To support and encourage the growth, progress, or formation of something, often used in relation to educational, psychological or physical development.

Favorable Self-image

A positive perception or evaluation of oneself, reflecting a person’s beliefs about their own abilities, appearance, and value.

Authoritative

A parenting style characterized by high responsiveness and high demands, where parents set clear standards while being emotionally supportive.

Favorable Self-image

A positive perception of oneself, reflecting confidence and a healthy self-esteem.