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-Refer to the Graph Above

Question 106

Multiple Choice

  -Refer to the graph above.If the given market price is $10,and the firm is producing 3.5 unit of output,the firm is A)  making a lower profit than it could. B)  already maximizing its profit. C)  making a profit of $1.00. D)  making a profit of close to $5.00. E)  making a loss.
-Refer to the graph above.If the given market price is $10,and the firm is producing 3.5 unit of output,the firm is


A) making a lower profit than it could.
B) already maximizing its profit.
C) making a profit of $1.00.
D) making a profit of close to $5.00.
E) making a loss.

Correct Answer:

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