-Computer Memory Chips Are Produced on Wafers,each Wafer Having Many

question 163

Multiple Choice

-Computer memory chips are produced on wafers,each wafer having many separate chips that are separated and sold.The above table shows costs for a perfectly competitive producer of computer memory chips.If the market price of a wafer is $2,400 dollars,the firm is

• A) making zero economic profit.
• B) making an economic profit of $12,000 an hour.
• C) incurring an economic loss of $2,800 an hour.
• D) incurring an economic loss of $2,000 an hour.
• E) making an economic profit of $2,400 an hour.