Table 12-4 Table 12-4 Shows the Short-Run Cost Data of a Perfectly

Multiple Choice

Table 12-4

Table 12-4 shows the short-run cost data of a perfectly competitive firm. Assume that output can only be increased in batches of 20 units.
-Refer to Table 12-4.If the market price is $45 the firm will produce

A) 60 units.
B) 80 units.
C) 100 units.
D) 120 units.