Answer the Question Using the Following Data, Which Show All

question 174

Multiple Choice

Answer the question using the following data, which show all available techniques for producing 20 units of a particular commodity. Assuming the firm is motivated by self-interest and that the 20 units that can be produced with each technique can be sold for $2 per unit, the firm will

• A)realize an economic profit of $10.
• B)realize an economic profit of $4.
• C)not earn any economic profit.
• D)shut down rather than incur a loss by producing.

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