The accompanying table gives cost data for a firm that is selling in a purely competitive market. If the market price for the firm's product is $42, the competitive firm should produce
A)12 units at an economic profit of $84.
B)10 units at an economic profit of $10.
C)10 units at an economic profit of $104.
D)12 units at an economic profit of $188.

Question

The accompanying table gives cost data for a firm that is selling in a purely competitive market. If the market price for the firm's product is $42, the competitive firm should produce
A)12 units at an economic profit of $84. 
B)10 units at an economic profit of $10. 
C)10 units at an economic profit of $104. 
D)12 units at an economic profit of $188.

Quizplus · Accepted Answer

The Answer of  The accompanying table gives cost data for a firm that is selling in a purely competitive market. If the market price for the firm's product is $42, the competitive firm should produce
A)12 units at an economic profit of $84. 
B)10 units at an economic profit of $10. 
C)10 units at an economic profit of $104. 
D)12 units at an economic profit of $188.

The Accompanying Table Gives Cost Data for a Firm That