Table 81 Table 8

Multiple Choice

Table 8.1 Table 8.1 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 8.1.If the market price of each camera case is $8 and the firm maximises profit, what is the amount of the firm's profit or loss?

A) $0 (it breaks even)
B) Loss of $1000
C) Profit of $440
D) Loss of $440