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

question 193

Multiple Choice

Refer to the data provided in Table 9.4 below to answer the question(s) that follow.
Table 9.4
$$\begin{array} { c c c c c c c } \text { q } & \text { TFC } & \text { TVC } & \text { TC } & \text { MC } & \text { AVC } & \text { ATC } \\\hline 0 & \$ 100 & \$ 0 & \$ 100 & - - & - - & - - \\\hline 1 & 100 & 40 & 140 & 40 & 40 & 140 \\\hline 2 & 100 & 60 & 160 & 20 & 30 & 80 \\\hline 3 & 100 & 90 & 190 & 30 & 30 & 63.33 \\\hline 4 & 100 & 124 & 224 & 34 & 31 & 56 \\\hline 5 & 100 & 180 & 280 & 56 & 36 & 56 \\\hline 6 & 100 & 264 & 364 & 84 & 44 & 60.67 \\\hline 7 & 100 & 372 & 472 & 108 & & 67.42 \\\hline\end{array}$$
-Refer to Table 9.4. At a market price of $56, if the firm produces where MR = MC, then it would produce ________ units of output and earn an economic profit of ________.

• A) 0; -$100
• B) 4; $0
• C) 5; $0
• D) either 4 or 5; $0

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Definitions:

R-sleep

R-sleep, also known as REM (Rapid Eye Movement) sleep, is a sleep phase characterized by rapid movement of the eyes, increased brain activity, vivid dreams, and temporary muscle paralysis.

Infant

An infant refers to a young child in the earliest period of life, particularly from birth to one year of age, characterized by rapid physical growth and cognitive development.

Middle-aged

A period in adult life roughly between the ages of 40 and 65, often considered a time of stability, but sometimes associated with a midlife crisis.

Elderly

Pertaining to individuals in the later stages of life, often defined as ages 65 and older, characterized by increased vulnerability to health problems.