Help with economic question??

Posted on 2014-11-19 09:55:00 in Economics by JEFFRY

1. Consider the firm described in the table above. How much profit will the firm make per period if it is a profit maximizer?

B) Cannot be determined from the information given.

C) $45.

D) $20.

E) $80.

2. At the profit maximizing level of output, what is the price of the product sold by the firm described in the table above?

A) Cannot be determined from the information given.

B) Varies with output level.

C) $2.

D) $6.

E) $4.

3. Consider the firm described in the table above. How many units of the good should the firm produce to maximize profit?

A) 17 units.

B) 19 units.

C) 16 units.

D) Cannot be determined from the information given.

E) 18 units.

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