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Figure 7-5 Figure 7-5 Shows Cost and Demand Curves

Question 183

Multiple Choice

Figure 7-5 Figure 7-5 Figure 7-5 shows cost and demand curves facing a typical firm in a constant-cost, perfectly competitive industry. -Refer to Figure 7-5.The firm's manager suggests that the firm's goal should be to maximise average profit.If the firm does this,what is the amount of profit that it will earn? A) $6600 B) $6750 C) $12 150 D) $36 000 Figure 7-5 shows cost and demand curves facing a typical firm in a constant-cost, perfectly competitive industry.
-Refer to Figure 7-5.The firm's manager suggests that the firm's goal should be to maximise average profit.If the firm does this,what is the amount of profit that it will earn?


A) $6600
B) $6750
C) $12 150
D) $36 000

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