-Refer to the above figure. Profits for this firm are
A) negative.
B) zero.
C) positive.
D) undetermined without more information.

Name: -Refer to the above figure. Profits for this firm are A) negative. B) zero. C) positive. D) undetermined without more information.
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

-Refer to the above figure. Profits for this firm are
A) negative. 
B) zero. 
C) positive. 
D) undetermined without more information.

Quizplus · Accepted Answer

Profits are positive because the price (P) is above the average total cost (ATC) at the quantity (Q) being produced, indicating the firm is making a profit per unit sold.

-Refer to the Above Figure