[works for me if I save the file
to my computer first, then open it]
Finding the profit maximizing
quantity on a table - 1
1. MULTIPLE CHOICE: Refer to the
above data. If the market price for the firm's product is
$12, the competitive firm will produce:
A. 4 units at a loss of
$109
B. 4 units at an economic profit of $31.75
C. 8 units at a loss of $48.80
D. zero units at a loss of $100
Finding the profit maximizing
quantity on a table - 2
Answer this question on the basis of
the following cost data for a purely competitive
seller.
MULTIPLE CHOICE: Refer to the above
data. If the product price is $45, the firm
will:
A. shut down
B. produce 4 units and realize and $120 economic
profit
C. produce 5 units and realize and $15 economic
profit
D. produce 6 units and realize and $100 economic
profit
Finding the profit maximizing
quantity on a graph with numbers
MULTIPLE CHOICE: What is the profit
maximizing level of output?
A. 15
B. 31
C. 28
D. 20
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