Table 9-1 Table 9-1 Shows the Short-Run Cost Data of a Perfectly

question 2

Multiple Choice

Table 9-1
$$\begin{array} { | c | c | c | } \hline \text { Quantity } & \begin{array} { c } \text { Total Cost } \\\text { (dollars) }\end{array} & \begin{array} { c } \text { Variable Cost } \\\text { (dollars) }\end{array} \\\hline 0 & \$ 1,000 & \$ 0 \\\hline 100 & 1,360 & 360 \\\hline 200 & 1,560 & 560 \\\hline 300 & 1,960 & 960 \\\hline 400 & 2,760 & 1,760 \\\hline 500 & 4,000 & 3,000 \\\hline 600 & 5,800 & 4,800 \\\hline\end{array}$$
Table 9-1 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 9-1.If the market price of each camera case is $8,what is the profit-maximizing quantity?

• A)300 units
• B)400 units
• C)500 units
• D)600 units

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Definitions:

Polypeptide Chain

A linear organic polymer consisting of a large number of amino acid residues bonded together in a chain, forming part of or the whole of a protein molecule.

Amino Acids

Amino acids are organic compounds that combine to form proteins, serving as the building blocks of life, containing an amino group (-NH2) and a carboxyl group (-COOH).

Sucrose

A disaccharide sugar composed of glucose and fructose, commonly known as table sugar, used extensively as a sweetener.

Fructose

A simple sugar found in many plants, sweeter than glucose and often used in the food and beverage industry.