Figure 9-4 Figure 9-4 Shows the Cost and Demand Curves

question 178

Multiple Choice

Figure 9-4
Figure 9-4 shows the cost and demand curves for a profit-maximizing firm in a perfectly competitive market.
-Refer to Figure 9-4.If the market price is $30 and the firm is producing output,what is the amount of the firm's profit or loss?

• A) loss of $1,080
• B) profit of $1,440
• C) loss of $2,520
• D) profit of $1,300