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Title: At Q = 1,000, the firmís profit amounts to

Question Details
Q:

 

Assume a certain firm is producing 1,000 units of output (so Q = 1,000). At Q = 1,000, the firm’s marginal cost equals $15 and its average total cost equals $11. The firm sells its output for $12 per unit.

Q:    At Q = 1,000, the firm’s profit amounts to

           a.   $–200.

           b.   $1,000.

           c.    $3,000.

           d.   $4,000.

 


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Title: At Q = 1,000, the firmís profit amounts to

    • This tutorial was purchased: 1.

    • Posted Date: Apr 28, 2012 at 9:26:52 PM

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A:
...sp;        a.   $–200.       &nbs...
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