Refer to the data in the accompanying table. If the firm's minimum average variable cost is $12, and total fixed costs equal zero, the firm's economic profit (or loss)is
A)$4.
B)$18.
C)−$11.
D)$1.

Question

Refer to the data in the accompanying table. If the firm's minimum average variable cost is $12, and total fixed costs equal zero, the firm's economic profit (or loss)is
A)$4. 
B)$18. 
C)−$11. 
D)$1.

Quizplus · Accepted Answer

The Answer of  Refer to the data in the accompanying table. If the firm's minimum average variable cost is $12, and total fixed costs equal zero, the firm's economic profit (or loss)is
A)$4. 
B)$18. 
C)−$11. 
D)$1.

Refer to the Data in the Accompanying Table