A perfectly competitive firm is producing 1,200 units, which is their profit-maximizing output level. The market price for their good is $5 and the firm's average total cost to produce the 1,200 units is $4.50. What is their profit or loss from producing the 1,200 units?

A) $600 B) -$600 C) $1,200 D) -$550


A) $600

Anthropology & Archaeology

You might also like to view...

What do we call the ability to grasp and manipulate objects between the thumb and other digits?

a. opposability b. prehensility c. brachiation d. radiation

Anthropology & Archaeology

Answer the following statements true (T) or false (F)

Theatre art is both an expression of its society and a response to it.

Anthropology & Archaeology

Which of the following uses graphic signs to represent individual consonants and vowels?

a. alphabetic writing b. logosyllabic writing c. syllabic writing d. ideographic writing

Anthropology & Archaeology

Due to AIDS, many African nations have seen life expectancy drop below _______ years of age

a. 20 b. 30 c. 40 d. 50 e. 60

Anthropology & Archaeology