The Accompanying Table Gives Cost Data for a Firm That

question 60

Multiple Choice

The accompanying table gives cost data for a firm that is selling in a purely competitive market. If the market price for this firm's product is $68.10, it will produce

• A)8 units at an economic profit of zero.
• B)6 units at a loss of $90.
• C)9 units at an economic profit of $281.97.
• D)8 units at an economic profit of $130.72.

---

Definitions:

Work

A physical or mental effort done in order to achieve a purpose or result, often associated with employment or tasks.

Telecommuting

A work arrangement in which employees do not commute to a central place of work, instead working via electronic communications from a different location, often their home.

Advantages

The favorable factors or benefits that contribute to achieving success or a superior position.

Disadvantages

The negative or less favorable aspects of a situation, decision, or condition that may pose challenges or reduce effectiveness.