-Computer memory chips are produced on wafers,each wafer having many separate chips that are separated and sold.The above table shows costs for a perfectly competitive producer of computer memory chips.If the market price of a wafer is $2,400 dollars,the firm is
A) making zero economic profit.
B) making an economic profit of $12,000 an hour.
C) incurring an economic loss of $2,800 an hour.
D) incurring an economic loss of $2,000 an hour.
E) making an economic profit of $2,400 an hour.

Question

-Computer memory chips are produced on wafers,each wafer having many separate chips that are separated and sold.The above table shows costs for a perfectly competitive producer of computer memory chips.If the market price of a wafer is $2,400 dollars,the firm is
A) making zero economic profit. 
B) making an economic profit of $12,000 an hour. 
C) incurring an economic loss of $2,800 an hour. 
D) incurring an economic loss of $2,000 an hour. 
E) making an economic profit of $2,400 an hour.

Quizplus · Accepted Answer

The Answer of 
-Computer memory chips are produced on wafers,each wafer having many separate chips that are separated and sold.The above table shows costs for a perfectly competitive producer of computer memory chips.If the market price of a wafer is $2,400 dollars,the firm is
A) making zero economic profit. 
B) making an economic profit of $12,000 an hour. 
C) incurring an economic loss of $2,800 an hour. 
D) incurring an economic loss of $2,000 an hour. 
E) making an economic profit of $2,400 an hour.

-Computer Memory Chips Are Produced on Wafers,each Wafer Having Many