-The Figure Above Shows a Perfectly Competitive Firm

question 62

Multiple Choice

-The figure above shows a perfectly competitive firm.If the market price is $40 per unit,then the firm produces ________ units and makes an economic profit that is ________.

• A) more than 45; more than $400
• B) 40; more than $400
• C) 40; less than $400
• D) 30; equal to zero
• E) 30; more than $250

---

Definitions:

Self-perpetuating

A process or activity that generates the conditions necessary for its continuation or growth without external input.

Jet Lag

A temporary sleep disorder that occurs when a person's internal body clock is out of sync with the time in a new time zone, often experienced after long flights.

East

A cardinal direction; the direction from which the sun rises, opposite of west.

West

A cardinal direction, opposite of east, often associated with sunset or the direction on the left when facing north.