Exhibit 10-4 in the Short Run, Which of the Following

Multiple Choice

Exhibit 10-4 In the short run, which of the following should the firm in Exhibit 10-4 do?

A) Produce 10 units at a price of $36 per unit.
B) Produce 10 units at a price of $24 per unit.
C) Produce 10 units at a price of $40 per unit.
D) Produce 15 units at a price of $32 per unit.
E) We cannot determine what the firm should do without knowing its average variable cost.