Multiple Choice
Suppose that a firm in a competitive market is currently maximizing its short-run profit at an output of 50 units. If the current price is $9, the marginal cost of the 50th unit is $9, and the average total cost of producing 50 units is $4, what is the firm's profit?
A) $0
B) $200
C) $250
D) $450
Correct Answer:
Verified
Correct Answer:
Verified
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