Quantity Total fixed cost, TFC(dollars) Total variable cost, TVC(dollars) 0 500 0 1 500 100 2 500 180 3 500 220 4 500 300 5 500 390 6 500 500 7 500 640 8 500 800 9 500 1000 10 500 1250 The table above shows some of the costs for a perfectly competitive firm. If the price is $160 per unit, how many units of output will the firm produce? A: 8 B: 9 C: 10 D: more than 10

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2022-06-17

Quantity Total fixed cost, TFC(dollars) Total variable cost, TVC(dollars) 0 500 0 1 500 100 2 500 180 3 500 220 4 500 300 5 500 390 6 500 500 7 500 640 8 500 800 9 500 1000 10 500 1250 The table above shows some of the costs for a perfectly competitive firm. If the price is $160 per unit, how many units of output will the firm produce? A: 8 B: 9 C: 10 D: more than 10

Quantity Total fixed cost, TFC(dollars) Total variable cost, TVC(dollars) 0 500 0 1 500 100 2 500 180 3 500 220 4 500 300 5 500 390 6 500 500 7 500 640 8 500 800 9 500 1000 10 500 1250 The table above shows some of the costs for a perfectly competitive firm. If the price is $160 per unit, how many units of output will the firm produce?
A: 8
B: 9
C: 10
D: more than 10

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