Use the Figure to Answer the Following Question(s)

question 3

Multiple Choice

Use the figure to answer the following question(s) .
Figure 10-4
-What is the maximum economic profit this firm depicted in Figure 10-4 will be able to earn?

• A) $200 loss
• B) zero profit
• C) $250 profit
• D) $700 profit

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Definitions:

Constitution

The fundamental principles and established precedents according to which a state or other organization is governed.

U.S. Constitution Ratified

The official confirmation and adoption of the United States Constitution by the required nine states in 1788, establishing the framework of the federal government.

1788

The year when the United States Constitution was ratified by the necessary nine states, marking the founding of the United States government as it is known today.

Social Structure

The organized pattern of relationships and social institutions that together compose society, including roles, classes, and social hierarchies.