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

question 104

Multiple Choice

Refer to the data provided in Table 9.2 below to answer the question(s) that follow.
Table 9.2 $$\begin{array} { l l l l l l l } \text { q } & \text { TFC } & \text { TVC } & \text { TC } & \text { MC } & \text { AVC } & \text { ATC } \\\hline 0 & \$ 50 & \$ 0 & \$ 50 & - - & - - & - - \\1 & 50 & 20 & 70 & 20 & 20 & 70 \\2 & 50 & 30 & 80 & 10 & 15 & 40 \\3 & 50 & 45 & 95 & 15 & 15 & 31.67 \\4 & 50 & 62 & 112 & 17 & 15.50 & 28 \\5 & 50 & 90 & 140 & 28 & 18 & 28 \\6 & 50 & 132 & 182 & 42 & 22 & 30.33 \\7 & 50 & 186 & 236 & 54 & 26.57 & 33.71 \\\hline\end{array}$$
-Refer to Table 9.2. At a market price of $28, if the firm produces where MR = MC, then it would produce ________ units of output and earn an economic profit of ________.

• A) 0; -$50
• B) 4; $0
• C) 5; $0
• D) either 4 or 5; $0

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Definitions:

Court

An institution that has the authority to adjudicate legal disputes between parties and administer justice in civil, criminal, and administrative matters.

Independent Contractor

An individual or entity engaged to perform work for another entity as a non-employee, often with greater control over their work methods.

Legal Action

A formal proceeding by which a party seeks a legal remedy in a court of law.

Misappropriate Patient Records

The unauthorized, improper, or illegal use or handling of health records, violating patient privacy and confidentiality.