Solved

The Table Given Below Shows the Total Revenue and Total

Question 126

Multiple Choice

The table given below shows the total revenue and total cost of a firm at different levels of output.Table 10.2
The table given below shows the total revenue and total cost of a firm at different levels of output.Table 10.2    -Given a perfectly competitive market structure, at the profit-maximizing output level, a firm's total fixed cost is $10, total variable cost is $100, marginal revenue is $4, and the quantity demanded is 50. The total profit earned by the firm is: A) $70. B) $65. C) $90. D) $75.
-Given a perfectly competitive market structure, at the profit-maximizing output level, a firm's total fixed cost is $10, total variable cost is $100, marginal revenue is $4, and the quantity demanded is 50. The total profit earned by the firm is:


A) $70.
B) $65.
C) $90.
D) $75.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions