Multiple Choice
Scenario 14-1
Assume a certain firm is producing 1000 units of output (so Q = 1000) .At Q = 1000, the firm's marginal cost equals $15 and its average total cost equals $11.The firm sells its output for $12 per unit.
-Refer to Scenario 14-1.At Q = 999,what is the firm's profit
A) $993
B) $997
C) $1003
D) $1007
Correct Answer:
Verified
Correct Answer:
Verified
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