Figure: Prices, Cost Curves, and Profits
(Figure: Prices, Cost Curves, and Profits) Look at the figure Prices, Cost Curves, and Profits.If the price is P₁ and the firm decides to produce at output Q₁, then the firm earns:
A.a loss equal to (ba) × Q₁.
B.a loss equal to (ca) × Q₁.
C.a loss equal to (bc) × Q₁.
D.zero.

Question

Figure: Prices, Cost Curves, and Profits
  (Figure: Prices, Cost Curves, and Profits) Look at the figure Prices, Cost Curves, and Profits.If the price is P₁ and the firm decides to produce at output Q₁, then the firm earns: 
A.a loss equal to (ba) × Q₁.
B.a loss equal to (ca) × Q₁.
C.a loss equal to (bc) × Q₁.
D.zero.

Quizplus · Accepted Answer

The Answer of Figure: Prices, Cost Curves, and Profits
  (Figure: Prices, Cost Curves, and Profits) Look at the figure Prices, Cost Curves, and Profits.If the price is P₁ and the firm decides to produce at output Q₁, then the firm earns: 
A.a loss equal to (ba) × Q₁.
B.a loss equal to (ca) × Q₁.
C.a loss equal to (bc) × Q₁.
D.zero.