-The Table Above Provides Cost Data for a Perfectly Competitive

question 141

Multiple Choice

-The table above provides cost data for a perfectly competitive firm producing toy cars. The firm is producing non-divisible goods. If the market price is $70 and the firm is a profit maximizer, the firm can earn a maximum economic profit of

• A) a loss of $500.
• B) a loss of $10.
• C) a loss of $510.
• D) $210.

---

Definitions:

Double Questions

A question format that combines two inquiries, often requiring more complex or comprehensive answers.

Active Voice

A grammatical voice that features the subject of the sentence performing the action expressed by the verb, typically making sentences clearer and more direct.

Colloquial Words

Informal language or expressions not usually acceptable in formal writing.

Two-Word Verbs

Two-word verbs, also known as phrasal verbs, consist of a verb and a preposition or adverb that together create a meaning different from the original verb.