The provided graph gives short-run data for a firm. If the product price is P ₂, the firm will
A)close down to avoid a loss.
B)produce Q₂ units and make an economic profit.
C)produce Q₅ units and break even.
D)produce Q₂ units and suffer a loss.

Question

The provided graph gives short-run data for a firm. If the product price is P ₂, the firm will
A)close down to avoid a loss. 
B)produce Q₂ units and make an economic profit. 
C)produce Q₅ units and break even. 
D)produce Q₂ units and suffer a loss.

Quizplus · Accepted Answer

The Answer of  The provided graph gives short-run data for a firm. If the product price is P ₂, the firm will
A)close down to avoid a loss. 
B)produce Q₂ units and make an economic profit. 
C)produce Q₅ units and break even. 
D)produce Q₂ units and suffer a loss.

The Provided Graph Gives Short-Run Data for a Firm