The following table illustrates alternative production techniques for producing 18 widgets that can be sold for $1 each for a total revenue of $18. Using technique A will result in an
A) economic loss of $2.
B) economic profit of $1.
C) economic profit of $2.
D) economic profit of $3.

Question

The following table illustrates alternative production techniques for producing 18 widgets that can be sold for $1 each for a total revenue of $18.  Using technique A will result in an
A) economic loss of $2. 
B) economic profit of $1. 
C) economic profit of $2. 
D) economic profit of $3.

Quizplus · Accepted Answer

The Answer of The following table illustrates alternative production techniques for producing 18 widgets that can be sold for $1 each for a total revenue of $18.  Using technique A will result in an
A) economic loss of $2. 
B) economic profit of $1. 
C) economic profit of $2. 
D) economic profit of $3.

The Following Table Illustrates Alternative Production Techniques for Producing 18