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Refer to the Accompanying Graph to Answer the Following Questions

Question 61

Multiple Choice

Refer to the accompanying graph to answer the following questions.
Refer to the accompanying graph to answer the following questions.    -Is this firm earning positive,negative,or zero economic profits? A)  We cannot determine the firm's level of profit because we do not know about its revenues. B)  It is earning positive economic profit. C)  Because this is the short run,all firms earn positive economic profit. D)  It is earning zero economic profit. E)  It is earning negative economic profit.
-Is this firm earning positive,negative,or zero economic profits?


A) We cannot determine the firm's level of profit because we do not know about its revenues.
B) It is earning positive economic profit.
C) Because this is the short run,all firms earn positive economic profit.
D) It is earning zero economic profit.
E) It is earning negative economic profit.

Correct Answer:

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