The Following Questions Refer to the graph below,which is for a firm in a competitive market.

-If the firm has a total cost of $400,it is earning a

Question

The Following Questions Refer to the graph below,which is for a firm in a competitive market.
 
-If the firm has a total cost of $400,it is earning a

Quizplus · Accepted Answer

To determine whether the firm is making a profit or a loss, we need to compare its total cost with its total revenue. However, the question does not provide information about the firm's total revenue or the context to infer it. Therefore, it's not possible to accurately answer this question without additional information. The selection of "B) Profit of $100" as the correct answer is arbitrary and cannot be justified with the information provided.

The Following Questions Refer to the Graph Below,which Is for a Firm