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Use the Table Below to Answer the Following Questions

Question 71

Multiple Choice

Use the table below to answer the following questions.
Table 12.2.5
Use the table below to answer the following questions. Table 12.2.5 -Refer to Table 12.2.5. Archibald's Tattoos is a perfectly competitive firm. The firm's total costs are shown in the table. If the price of a tattoo is $12.50, Archibald's economic profit is A) -$10.00 an hour. B) zero. C) $12.50 an hour. D) $10.00 an hour. E) maximized.
-Refer to Table 12.2.5. Archibald's Tattoos is a perfectly competitive firm. The firm's total costs are shown in the table. If the price of a tattoo is $12.50, Archibald's economic profit is


A) -$10.00 an hour.
B) zero.
C) $12.50 an hour.
D) $10.00 an hour.
E) maximized.

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