Answer the Question on the Basis of the Following Cost

question 111

Multiple Choice

Answer the question on the basis of the following cost data for a firm that is selling in a purely competitive market. $\begin{array}{ccccc}& \text { Average } & \text { Average } & \text { Average } & \\\text { Total } & \text { Fixed } & \text { Variable } & \text { Total } & \text { Marginal } \\\text { Output } & \text { Cost } & \text { Cost } & \text { Cost } & \text { Cost }\\\hline1 & \$ 150.00 & \$ 25.00 & \$ 175.00 & \$ 25.00 \\2 & 75.00 & 23.00 & 98.00 & 21.00 \\3 & 50.00 & 20.00 & 70.00 & 14.00 \\4 & 37.50 & 21.00 & 58.50 & 24.00 \\5 & 30.00 & 23.00 & 53.00 & 31.00 \\6 & 25.00 & 25.00 & 50.00 & 35.00 \\7 & 21.43 & 28.00 & 49.43 & 46.01 \\8 & 18.75 & 33.00 & 51.76 & 68.07 \\9 & 16.67 & 39.00 & 55.67 & 86.95 \\10 & 15.00 & 48.00 & 63.00 & 128.97\end{array}$ Refer to the data.If the market price for this firm's product is $68.10,it will produce:

• A) 8 units at an economic profit of zero.
• B) 6 units at a loss of $90.
• C) 9 units at an economic profit of $281.97.
• D) 8 units at an economic profit of $130.72.

---

Definitions:

Parental Divorce

The legal dissolution of a marriage between two individuals, which can have profound emotional and psychological effect on their children.

Dissociative Disorders

Mental conditions characterized by a disconnection between thoughts, identity, consciousness, and memory.

Memory

The faculty for recalling past events and past learning.

Resilient

The ability to recover quickly from difficulties or stress, demonstrating toughness and adaptability in the face of challenges.