Multiple Choice
Use the figure below to answer the following question. Figure 11.3.4
-Refer to Figure 11.3.4,which shows the cost curves of Paul's Picture Frames Inc.The picture frame market is perfectly competitive and the market price is $12 a frame.Paul produces ________ frames each day and makes daily total revenue of ________.
A) 20;$240
B) 20;$96
C) zero;zero
D) 30;$360
E) 30;zero
Correct Answer:

Verified
Correct Answer:
Verified
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