The following table illustrates alternative production techniques for producing 18 widgets that can be sold for $1 each for a total revenue of $18. Using technique A will result in an
A)economic loss of $2.
B)economic profit of $1.
C)economic profit of $2.
D)economic profit of $3.

Question

The following table illustrates alternative production techniques for producing 18 widgets that can be sold for $1 each for a total revenue of $18.  Using technique A will result in an
A)economic loss of $2. 
B)economic profit of $1. 
C)economic profit of $2. 
D)economic profit of $3.

Quizplus · Accepted Answer

The Answer of The following table illustrates alternative production techniques for producing 18 widgets that can be sold for $1 each for a total revenue of $18.  Using technique A will result in an
A)economic loss of $2. 
B)economic profit of $1. 
C)economic profit of $2. 
D)economic profit of $3.

The Following Table Illustrates Alternative Production Techniques for Producing 18