If for a perfectly competitive firm, price is Rs 7.2, output is 4500 u – McqOptions

MCQOPTIONS

1.	If for a perfectly competitive firm, price is Rs 7.2, output is 4500 units, average variable costs are Rs 1.2, and average total costs are Rs 4. The firm's profits are equal to
A.	Rs 7200
B.	Rs 9000
C.	Rs 14400
D.	Rs 19800
Answer» D. Rs 19800

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