Use the Table Below to Answer the Following Questions

question 72

Multiple Choice

Use the table below to answer the following questions.
Table 12.2.5

-Refer to Table 12.2.5. Archibald's Tattoos is a perfectly competitive firm. The firm's total costs are shown in the table. If the price of a tattoo is $12.50, Archibald's economic profit is

• A)-$10.00 an hour.
• B)zero.
• C)$12.50 an hour.
• D)$10.00 an hour.
• E)maximized.

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Definitions:

Agonist

A chemical or drug that binds to receptors in the body and triggers a response, often mimicking the action of naturally occurring substances.

Biceps Brachii

A major muscle in the upper arm responsible for flexing the elbow and rotating the forearm.

External Oblique

The external oblique muscles are a part of the abdominal muscles, involved in rotating the trunk and pulling the chest downwards.

Gastrocnemius

A major calf muscle that is pivotal in walking, running, and jumping, connecting the heel to the lower leg.