The Accompanying Table Gives Cost Data for a Firm That

question 10

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 $24, it will produce

• A)4 units at a loss of $150.
• B)6 units at a loss of $90.
• C)3 units at an economic profit of zero.
• D)4 units at a loss of $138.