Answer the Question on the Basis of the Following Cost

question 37

Multiple Choice

Answer the question on the basis of the following cost data for a purely competitive seller: $$\begin{array} { c c c } \text { Output } & & \text { Total Cost } \\\hline0 & & \$ 50 \\1 & & 90 \\2 & & 120 \\3 & & 140 \\4 & & 170 \\5 & & 210 \\6 & & 260 \\7 & & 330\end{array}$$ Refer to the data.If product price is $45,the firm will:

• A) shut down.
• B) produce 4 units and realize a $120 economic profit.
• C) produce 5 units and realize a $15 economic profit.
• D) produce 6 units and realize a $100 economic profit.

---

Definitions:

Jeopardy

A popular American television game show where contestants answer questions in the form of a question across various categories to win money.

Reconciliation Ecology

The field of creating, implementing, and managing new environments to preserve the diversity of species in areas where humans reside, work, or engage in leisure activities.

International Treaties

Formal agreements between countries or sovereign states that are recognized by international law, covering a wide range of subjects such as human rights, trade, and environmental protection.