Use the Table Below to Answer the Following Questions

question 70

Multiple Choice

Use the table below to answer the following questions.
Table 12.2.1

-Refer to Table 12.2.1, which gives the total revenue schedule and total cost schedule of a perfectly competitive firm. Economic profit is maximized when the firm produces ________ units of output.

• A)zero
• B)7
• C)3
• D)6

---

Definitions:

Personalities

Refers to the unique set of characteristics, traits, and behaviors that make up an individual's distinctive character.

Outcome

The result or consequence of an action, decision, or situation.

Munich Crisis

An event in 1938 where European powers, including Britain and France, conceded to Nazi Germany's annexation of Czechoslovakia's Sudetenland in an attempt to avoid war.

Appeasement

A diplomatic policy aimed at avoiding conflict by making concessions to another nation.