Multiple Choice
Scenario 9-1
Assume a certain competitive price-taker firm is producing Q = 1,000 units of output.At Q = 1,000,the firm's marginal cost equals $15 and its average total cost equals $11.The firm sells its output for $12 per unit.
-Refer to Scenario 9-1.At Q = 1,000,the firm's profit amounts to
A) -$200.
B) $1,000.
C) $3,000.
D) $4,000.
Correct Answer:
Verified
Correct Answer:
Verified
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