-Assume that the firm described in Table 6.1 is incurring a total cost of $25,000 at the profit-maximizing output level. The firm will
A) lose $10,000 in the short run.
B) break even.
C) earn a profit of $3,000.
D) earn a profit of $30,000.
E) earn a profit of $55,000.

Question

-Assume that the firm described in Table 6.1 is incurring a total cost of $25,000 at the profit-maximizing output level. The firm will
A) lose $10,000 in the short run. 
B) break even. 
C) earn a profit of $3,000. 
D) earn a profit of $30,000. 
E) earn a profit of $55,000.

Quizplus · Accepted Answer

The Answer of 
-Assume that the firm described in Table 6.1 is incurring a total cost of $25,000 at the profit-maximizing output level. The firm will
A) lose $10,000 in the short run. 
B) break even. 
C) earn a profit of $3,000. 
D) earn a profit of $30,000. 
E) earn a profit of $55,000.

-Assume That the Firm Described in Table 6