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

Question 40

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Table 12-1
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 when the profit-maximizing quantity is found at the output where MR = MC? A) $2,400 B) $3,200 C) $4,000 D) $4,800
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 when the profit-maximizing quantity is found at the output where MR = MC?


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

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