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

A) will earn a profit of $3,600.
B) will suffer a loss of $200.
C) will break even.
D) will earn profit of $1,040.