AP Microeconomics Question of the Day

Daily challenge for AP Microeconomics. Test yourself and track progress.

Assume the firm operates in the short-run. Use the following chart for questions 1-5:

UnitsTotal RevenueTotal cost
0015
11118
22023
32730
43239
53650
63962
73975

Assuming the firm is perfectly competitive, what is the price that the firm would charge for widgets at the profit maximizing point?

Select an answer and click Check.
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