AP Microeconomics Question of the Day
Test your knowledge with a hand-picked multiple-choice question.
Use the following table to answer the question below:
| Units | Total Variable Cost | Price |
|---|---|---|
| 1 | 10 | 20 |
| 2 | 18 | 19 |
| 3 | 24 | 18 |
| 4 | 28 | 17 |
| 5 | 30 | 16 |
| 6 | 33 | 15 |
| 7 | 38 | 14 |
| 8 | 44 | 13 |
| 9 | 52 | 12 |
| 10 | 61 | 11 |
Consider the above cost and price schedule for a theoretical firm with fixed costs of 30. How many units will this firm produce and sell on the marketplace?
Select an answer and click Check.
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