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:

Interpersonal Communication

The exchange of information, thoughts, and feelings between two or more people through verbal or non-verbal methods.

Enterprise Social Networks

Online platforms that enable employees within an organization to collaborate, share information, and strengthen professional relationships.

Collaboration

The action of working with someone to produce or create something.

Semantic Confusion

Misunderstandings or misinterpretations that occur due to the ambiguous meanings of words or phrases in communication.