Refer to the Table Below A)$6; $63
B)$12; $6
C)$6; $12
D)$63; $6

question 71

Multiple Choice

Refer to the table below. An output level of 15 units, this firm's accounting profit is ______, and its economic profit is ______. $$\begin{array} { | c | c | c | c | } \hline \text { Quantity } & \text { Total Revenue } & \text { Explicit Costs } & \text { Implicit Costs } \\\hline 10 & 50 & 36 & 5 \\\hline 15 & 75 & 63 & 6 \\\hline 20 & 100 & 93 & 7 \\\hline 25 & 125 & 125 & 8 \\\hline 30 & 150 & 161 & 9 \\\hline\end{array}$$

• A)$6; $63
• B)$12; $6
• C)$6; $12
• D)$63; $6

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Definitions:

Market Segments

Divisions within a broader market consisting of customers with similar characteristics, needs, or behaviors.

Marketing Communication

The process and methods used by organizations to convey promotional messages about their products or services to their target audience.

Commercial

A promotional advertisement, typically broadcast on television or radio, intended to inform or persuade an audience about a product or service.

Value Proposition

The unique value that a product or service provides to its customers and how it is better than and different from those of competitors.