Table 84 Table 8

Multiple Choice

Table 8.4 Table 8.4 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 8.4.If the market price is $45, the firm

A) will earn a profit of $3600.
B) will suffer a loss of $200.
C) will break even.
D) will earn profit of $1040.