Answer the Question on the Basis of the Following Cost

question 17

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 $15,it will produce:

• A) 0 units at a loss of $150.
• B) 3 units at a loss of $168.
• C) 3 units at an economic profit of zero.
• D) 4 units at a loss of $138.

---

Definitions:

Gender-Nonconforming

Describes behaviors or identities that do not match society's expectations based on the gender they were assigned at birth.

LGBTQ Individuals

Individuals who identify themselves as lesbian, gay, bisexual, transgender, queer/questioning, and others, representing a spectrum of sexual orientations and gender identities.

Life Expectancies

The average period that an organism is expected to live, often calculated based on statistical averages from a particular society or country.

Gender Equality

The state of equal ease of access to resources and opportunities regardless of gender, including economic participation and decision-making.