Multiple Choice
Use the figure below to answer the following question.
Figure 12.3.4
-Refer to Figure 12.3.4, which shows cost curves of Paul's Picture Frames Inc. The picture frame market is perfectly competitive and the market price is $12 a frame. Paul produces ________ frames each week and makes ________ total revenue.
A) 20; $240
B) 20; $96
C) zero; zero
D) 30; $360
E) 30; zero
Correct Answer:

Verified
Correct Answer:
Verified
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