Refer to the Data Provided in Table 9 -Refer to Table 9

question 84

Multiple Choice

Refer to the data provided in Table 9.1 below to answer the question(s) that follow.
Table 9.1 $$\begin{array} { l l l l l l l } \text { q } & \text { TFC } & \text { TVC } & \text { TC } & \text { MC } & \text { AVC } & \text { ATC } \\\hline 0 & \$ 50 & \$ 0 & \$ 50 & - - & - - & - - \\1 & 50 & 20 & 70 & 20 & 20 & 70 \\2 & 50 & 30 & 80 & 10 & 15 & 40 \\3 & 50 & 45 & 95 & 15 & 15 & 31.67 \\4 & 50 & 62 & 112 & 17 & 15.50 & 28 \\5 & 50 & 90 & 140 & 28 & 18 & 28 \\6 & 50 & 132 & 182 & 42 & 22 & 30.33 \\7 & 50 & 186 & 236 & 54 & 26.57 & 33.71 \\\hline\end{array}$$
-Refer to Table 9.1. In the long run, if cost conditions do not change, this firm will earn a zero economic profit if price is

• A) $10.
• B) $15.
• C) $20.
• D) $28.

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Definitions:

Preemption

A doctrine under which certain federal laws preempt, or take precedence over, conflicting state or local laws.

Police Powers

The inherent authority of a government to regulate behavior and enforce order within its territory, often for the protection of health, safety, welfare, and morals of its citizens.

Ninth Amendment

A part of the U.S. Constitution suggesting that the listing of specific rights in the Constitution does not mean that other rights not listed are denied to the people.

Dormant Commerce Clause

The Dormant Commerce Clause refers to the principle that state laws cannot unduly burden interstate commerce, derived from the Commerce Clause of the U.S. Constitution.