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Author Question: Refer to the figure above. What is the maximum profit that the firm can make? A) 30 B) 60 C) 90 ... (Read 70 times)

Davideckstein7

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  • Posts: 555
on: Jun 29, 2018
Refer to the figure above. What is the maximum profit that the firm can make?
 
  A) 30
  B) 60
  C) 90
  D) 180

Question 2

A monopolist faces an average total cost of 10 when it produces 400 units of its product. If it sells the 400 units at 6 per unit, ________.
 
  A) the monopolist makes a profit of 600
  B) the monopolist makes a loss of 600
  C) the monopolist makes a profit of 1,600
  D) the monopolist makes a loss of 1,600


johnharpe

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


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