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Suppose That the Firm Has the Following Short Run Cost

Question 3

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 $1.50? 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 $1.50? A) 200 B) 500 C) 700 D) 800 E) 900


A) 200
B) 500
C) 700
D) 800
E) 900

Correct Answer:

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