Refer to the data in the accompanying table. If the firm's minimum average variable cost is $10, and total fixed costs equal zero, the firm's economic profit (or loss)is
A)$12.
B)$16.
C)−$14.
D)$3.

Question

Refer to the data in the accompanying table. If the firm's minimum average variable cost is $10, and total fixed costs equal zero, the firm's economic profit (or loss)is
A)$12. 
B)$16. 
C)−$14. 
D)$3.

Quizplus · Accepted Answer

The Answer of  Refer to the data in the accompanying table. If the firm's minimum average variable cost is $10, and total fixed costs equal zero, the firm's economic profit (or loss)is
A)$12. 
B)$16. 
C)−$14. 
D)$3.

Refer to the Data in the Accompanying Table