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    Microeconomics Study Set 45
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    Exam 10: Pure Competition in the Short Run
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    Refer to the Data in the Accompanying Table
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Refer to the Data in the Accompanying Table

Question 166

Question 166

Multiple Choice

  Refer to the data in the accompanying table. If the firm's minimum average variable cost is $11, at the profit-maximizing level of output, the firm's total revenue is A) $48. B) $80. C) $32. D) $64. Refer to the data in the accompanying table. If the firm's minimum average variable cost is $11, at the profit-maximizing level of output, the firm's total revenue is


A) $48.
B) $80.
C) $32.
D) $64.

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