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Suppose That the Firm Has the Following Short Run Cost

Question 54

Multiple Choice

Suppose that the firm has the following short run cost data and that B is the only variable input and the price of B is fixed. Using the following table, what is the firm's best short run output if it has no choice but to sell its product at the prevailing market price of $.65? Suppose that the firm has the following short run cost data and that B is the only variable input and the price of B is fixed. Using the following table, what is the firm's best short run output if it has no choice but to sell its product at the prevailing market price of $.65?   A)  50 B)  125 C)  175 D)  215 E)  245


A) 50
B) 125
C) 175
D) 215
E) 245

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