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    Microeconomics Study Set 22
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    Exam 8: Profit Maximization and Competitive Supply
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    Consider the Following Diagram Where a Perfectly Competitive Firm Faces
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Consider the Following Diagram Where a Perfectly Competitive Firm Faces

Question 62

Question 62

Multiple Choice

Consider the following diagram where a perfectly competitive firm faces a price of $40. Consider the following diagram where a perfectly competitive firm faces a price of $40.   Figure 8.1 -Refer to Figure 8.1. The profit-maximizing output is A)  30. B)  54. C)  60. D)  67. E)  79. Figure 8.1
-Refer to Figure 8.1. The profit-maximizing output is


A) 30.
B) 54.
C) 60.
D) 67.
E) 79.

Correct Answer:

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