Use the figure below to answer the following questions.
Figure 12.3.4
-Refer to Figure 12.3.4 which shows cost curves of Paul's Picture Frames Inc.The picture frame market is perfectly competitive and the market price is $30 a frame.Paul produces ________ frames each week,makes ________ of total revenue,and makes zero ________ profit
A) 200;$4,000;economic
B) 300;$9,000;normal
C) 200;$4,000;normal
D) 300;$9,000;economic
E) 300;$3,000;economic
Correct Answer:
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