The accompanying table gives cost data for a firm that is selling in a purely competitive market. Given the $75 product price, at its optimal output, the firm will
A)realize a $25 economic profit.
B)realize a $30 economic profit.
C)incur a $25 loss.
D)realize a $30 loss.

Question

The accompanying table gives cost data for a firm that is selling in a purely competitive market. Given the $75 product price, at its optimal output, the firm will
A)realize a $25 economic profit. 
B)realize a $30 economic profit. 
C)incur a $25 loss. 
D)realize a $30 loss.

Quizplus · Accepted Answer

The Answer of  The accompanying table gives cost data for a firm that is selling in a purely competitive market. Given the $75 product price, at its optimal output, the firm will
A)realize a $25 economic profit. 
B)realize a $30 economic profit. 
C)incur a $25 loss. 
D)realize a $30 loss.

The Accompanying Table Gives Cost Data for a Firm That