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The Above Figure Shows Some a Firm's Cost Curves and Its

Question 228

Multiple Choice

   The above figure shows some a firm's cost curves and its marginal revenue curve. -Based on the figure above,if the firm produces 7 cans per day,the firm ________ maximizing its profit and is ________. A)  is; incurring an economic loss B)  is; making zero economic profit C)  is; making an economic profit D)  is not; incurring an economic loss E)  is not; making zero economic profit
The above figure shows some a firm's cost curves and its marginal revenue curve.
-Based on the figure above,if the firm produces 7 cans per day,the firm ________ maximizing its profit and is ________.


A) is; incurring an economic loss
B) is; making zero economic profit
C) is; making an economic profit
D) is not; incurring an economic loss
E) is not; making zero economic profit

Correct Answer:

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