Figure 12-1

-Refer to Figure 12-1.If the firm is producing 700 units, what is the amount of its profit or loss?
A)loss of $280
B)loss equivalent to the area A
C)profit equivalent to the area A
D)There is insufficient information to answer the question.

Question

Figure 12-1
 
-Refer to Figure 12-1.If the firm is producing 700 units, what is the amount of its profit or loss?
A)loss of $280 
B)loss equivalent to the area A 
C)profit equivalent to the area A 
D)There is insufficient information to answer the question.

Quizplus · Accepted Answer

Without Figure 12-1 or additional information about costs, revenues, or the specific areas mentioned, it is impossible to determine the profit or loss.

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