Table 12-1 Table 12-1 Shows the Short-Run Cost Data of a Perfectly

question 105

Multiple Choice

Table 12-1

Table 12-1 shows the short-run cost data of a perfectly competitive firm that produces plastic camera cases.Assume that output can only be increased in batches of 100 units.
-Refer to Table 12-1.If the market price of each camera case is $8, what is the firm's total revenue?

• A)$2,400
• B)$3,200
• C)$4,000
• D)$4,800

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Definitions:

Scaffolding

An educational process where a teacher provides successive levels of temporary support that help students achieve higher levels of comprehension and skill acquisition.

Conservation Skills

The cognitive ability to understand that properties such as mass, volume, and number remain the same despite changes in the form of objects.

Class Inclusion

A cognitive ability that involves understanding that objects can belong to more than one category at the same time.

Conservation Skills

Cognitive abilities to understand that quantity, length, or number do not change when nothing is added or taken away, despite changes in form or appearance.