Figure 12-1

-Refer to Figure 12-1.If the firm is producing 700 units,
A)it is making a profit.
B)it is incurring a loss.
C)it should cut back its output to maximize profit.
D)it should increase its output to maximize profit.

Question

Figure 12-1
 
-Refer to Figure 12-1.If the firm is producing 700 units,
A)it is making a profit. 
B)it is incurring a loss. 
C)it should cut back its output to maximize profit. 
D)it should increase its output to maximize profit.

Quizplus · Accepted Answer

The Answer of Figure 12-1
 
-Refer to Figure 12-1.If the firm is producing 700 units,
A)it is making a profit. 
B)it is incurring a loss. 
C)it should cut back its output to maximize profit. 
D)it should increase its output to maximize profit.

Figure 12-1 -Refer to Figure 12-1.If the Firm Is Producing 700 Units