Multiple Choice
Table 12-1
Table 12-1 shows the short-run cost data of a perfectly competitive firm that produces plastic camera cases. Assume that output can only be increased in batches of 100 units.
-Refer to Table 12-1.If the market price of each camera case is $8, what is the profit-maximizing quantity according to the MR = MC rule?
A) 300 units
B) 400 units
C) 500 units
D) 600 units
Correct Answer:

Verified
Correct Answer:
Verified
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