The accompanying table gives cost data for a firm that is selling in a purely competitive market. If the market price for this firm's product is $68.10, it will produce
A)8 units at an economic profit of zero.
B)6 units at a loss of $90.
C)9 units at an economic profit of $281.97.
D)8 units at an economic profit of $130.72.

Question

The accompanying table gives cost data for a firm that is selling in a purely competitive market. If the market price for this firm's product is $68.10, it will produce
A)8 units at an economic profit of zero. 
B)6 units at a loss of $90. 
C)9 units at an economic profit of $281.97. 
D)8 units at an economic profit of $130.72.

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 this firm's product is $68.10, it will produce
A)8 units at an economic profit of zero. 
B)6 units at a loss of $90. 
C)9 units at an economic profit of $281.97. 
D)8 units at an economic profit of $130.72.

The Accompanying Table Gives Cost Data for a Firm That