Refer to the information provided in Figure 9.1 below to answer the question(s) that follow. Figure 9.1
-Refer to Figure 9.1. This farmer would earn a zero economic profit if price was
A) $7.
B) $9.
C) $10.
D) $11.

Question

Refer to the information provided in Figure 9.1 below to answer the question(s) that follow.  Figure 9.1
-Refer to Figure 9.1. This farmer would earn a zero economic profit if price was
A) $7. 
B) $9. 
C) $10. 
D) $11.

Quizplus · Accepted Answer

At a price of $10, the farmer would earn a zero economic profit because this price corresponds to the point where the average total cost curve intersects the demand curve, indicating that the price covers all the costs, including both the variable and fixed costs, leaving no economic profit.

Refer to the Information Provided in Figure 9