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    Business
  3. Study Set
    Microeconomics Australia
  4. Exam
    Exam 14: Perfect Competition
  5. Question
    -The Above Table Has the Total Revenue and Total Cost
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-The Above Table Has the Total Revenue and Total Cost

Question 39

Question 39

Multiple Choice

  -The above table has the total revenue and total cost schedule for Omar, a perfectly competitive grower of potatoes. When Omar produces 2 tonnes of potatoes, his total profit equals A)  $20. B)  -$8. C)  $28. D)  $0. E)  $48.
-The above table has the total revenue and total cost schedule for Omar, a perfectly competitive grower of potatoes. When Omar produces 2 tonnes of potatoes, his total profit equals


A) $20.
B) -$8.
C) $28.
D) $0.
E) $48.

Correct Answer:

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