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 $24, it will produce
A)4 units at a loss of $150.
B)6 units at a loss of $90.
C)3 units at an economic profit of zero.
D)4 units at a loss of $138.

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 $24, it will produce
A)4 units at a loss of $150. 
B)6 units at a loss of $90. 
C)3 units at an economic profit of zero. 
D)4 units at a loss of $138.

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 $24, it will produce
A)4 units at a loss of $150. 
B)6 units at a loss of $90. 
C)3 units at an economic profit of zero. 
D)4 units at a loss of $138.

The Accompanying Table Gives Cost Data for a Firm That