Exhibit 8-10 Dollars per unit $60 56 52- 48 C. 40 36 32 28 24 20 16- 12 A MC a profit of $6,000 a profit of $3,200 -MR ATC AVC I 100 150 200 250 18. In Exhibit 8-10, total revenue at the profit-maximizing output level equals a. $8,000 b. $3,600 c. $12,000 19. At the profit-maximizing output level, the firm represented in Exhibit 8-10 experiences a. a loss of $3,200 d. zero profit or loss b. e. a loss of $6,000 d. $4,800 e. $18,000
Exhibit 8-10 Dollars per unit $60 56 52- 48 C. 40 36 32 28 24 20 16- 12 A MC a profit of $6,000 a profit of $3,200 -MR ATC AVC I 100 150 200 250 18. In Exhibit 8-10, total revenue at the profit-maximizing output level equals a. $8,000 b. $3,600 c. $12,000 19. At the profit-maximizing output level, the firm represented in Exhibit 8-10 experiences a. a loss of $3,200 d. zero profit or loss b. e. a loss of $6,000 d. $4,800 e. $18,000
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![Exhibit 8-10
Dollars
per unit
$60
56
52
48
40
36
32
28
24
20
16-
12
I
100
MC
-MR
ATC
AVC
I
I
I
150 200 250
q
18. In Exhibit 8-10, total revenue at the profit-maximizing output level equals
a. $8,000
b. $3,600
c. $12,000
d. $4,800
e. $18,000
19. At the profit-maximizing output level, the firm represented in Exhibit 8-10 experiences
a. a loss of $3,200
d. zero profit or loss
e. a loss of $6,000
b.
a profit of $6,000
c. a profit of $3,200](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc745b074-dc50-4974-a160-8ec78e5d8cc1%2F493d6889-77df-43f7-bdb6-b832042268bc%2F0yr6bz_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Exhibit 8-10
Dollars
per unit
$60
56
52
48
40
36
32
28
24
20
16-
12
I
100
MC
-MR
ATC
AVC
I
I
I
150 200 250
q
18. In Exhibit 8-10, total revenue at the profit-maximizing output level equals
a. $8,000
b. $3,600
c. $12,000
d. $4,800
e. $18,000
19. At the profit-maximizing output level, the firm represented in Exhibit 8-10 experiences
a. a loss of $3,200
d. zero profit or loss
e. a loss of $6,000
b.
a profit of $6,000
c. a profit of $3,200
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