Use the Table Below to Answer the Following Questions

question 47

Multiple Choice

Use the table below to answer the following questions.
Table 12.2.1

-Refer to Table 12.2.1, which gives the total revenue schedule and total cost schedule of a perfectly competitive firm. If the firm produces 2 units of output, it

• A)makes an economic profit of $9.
• B)makes an economic profit of $60.
• C)incurs an economic loss of $9.
• D)incurs an economic loss of $60.
• E)incurs an economic loss of $69.

---

Definitions:

Hormones

Chemical messengers produced by glands that regulate physiological and behavioral actions in the body.

Eye Protrusion

the abnormal bulging or forward displacement of one or both eyes, often indicative of a medical condition.

Abnormal

A term used to describe any condition, pattern, or finding that deviates from the accepted norm or standard.

PTH

Parathyroid hormone, a peptide hormone secreted by the parathyroid glands, essential in regulating serum calcium levels.