-The above table has the total revenue and total cost schedule for Omar,a perfectly competitive grower of rutabagas.When Omar produces 2 bushels of rutabagas,his total profit equals
A) $0.
B) $20.
C) $28.
D) -$8.
E) $48.

Question

-The above table has the total revenue and total cost schedule for Omar,a perfectly competitive grower of rutabagas.When Omar produces 2 bushels of rutabagas,his total profit equals
A) $0. 
B) $20. 
C) $28. 
D) -$8. 
E) $48.

Quizplus · Accepted Answer

To find the total profit, subtract the total cost from the total revenue for 2 bushels. If the total revenue is less than the total cost, the profit is negative, which is the case here, resulting in a profit of -$8.

-The Above Table Has the Total Revenue and Total Cost