Assume a Firm in a Competitive Industry Is Producing 800

question 169

Multiple Choice

Assume a firm in a competitive industry is producing 800 units of output, and it sells each unit for $6. Its average total cost is $4. Its profit is

• A)−$1,600.
• B)$1,600.
• C)$3,200.
• D)$8,000.

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Definitions:

Inflammatory Diseases

Disorders characterized by inflammation, which involves redness, swelling, pain, and sometimes loss of function, due to an immune response.

Alzheimer's Disease

A progressive neurodegenerative disorder characterized by memory loss, cognitive impairment, and changes in behavior, associated with an accumulation of amyloid plaques and neurofibrillary tangles in the brain.

Rheumatoid Arthritis

A chronic inflammatory disorder affecting joints, including those in the hands and feet, characterized by painful swelling leading to bone erosion and joint deformity.

Naphthalene

An aromatic hydrocarbon composed of two fused benzene rings, commonly found in mothballs and used in the production of dyes and plastics.