Refer to the above graph. At the profit-maximizing price and output this firm:
A) earns positive economic profits.
B) incurs economic losses.
C) breaks even.
D) should shut down.

Question

Refer to the above graph. At the profit-maximizing price and output this firm:
A) earns positive economic profits. 
B) incurs economic losses. 
C) breaks even. 
D) should shut down.

Quizplus · Accepted Answer

The Answer of  Refer to the above graph. At the profit-maximizing price and output this firm:
A) earns positive economic profits. 
B) incurs economic losses. 
C) breaks even. 
D) should shut down.

Refer to the Above Graph