Answer the Question Using the Following Data,which Show All Available

question 102

Multiple Choice

Answer the question using the following data,which show all available techniques for producing 20 units of a particular commodity: $\begin{array}{c}\quad\quad\quad\quad\quad\quad\quad\text {Resource}\quad\quad\quad\quad\quad\text { Possible Production Techniques }\\\begin{array}{lll}\\\underline{\text {Resource}}\\ \text {Land}\\ \text {Labor}\\ \text {Capital}\\ \text {Entrepreneurial Ability}\end{array}\begin{array}{c}\\\underline{\text {Prices}}\\\$ 4\\3\\3\\2\end{array}\begin{array}{c}\\\quad\quad\quad\quad\quad\quad\quad\quad\quad\underline{\# 1} \\ \quad\quad\quad\quad\quad\quad\quad\quad\quad2 \\\quad\quad\quad\quad\quad\quad\quad\quad\quad1 \\\quad\quad\quad\quad\quad\quad\quad\quad\quad5 \\\quad\quad\quad\quad\quad\quad\quad\quad\quad3\end{array}\begin{array}{c}\\\underline{\# 2 }\\ 4 \\2 \\2 \\1\end{array}\begin{array}{c}\\\underline{\#3 }\\ 2 \\4 \\3 \\1\end{array}\begin{array}{c}\\\underline{\# 4 }\\ 4 \\1 \\1 \\4\end{array}\begin{array}{c}\\\underline{\# 5 }\\ 4 \\3 \\2 \\1\end{array}\end{array}$
Refer to the data.Assuming that the firm is motivated by self-interest and that the 20 units that can be produced with each technique can be sold for $2 per unit,the firm will:

• A) realize an economic profit of $10.
• B) realize an economic profit of $4.
• C) not earn any economic profit.
• D) shut down rather than incur a loss by producing.

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Definitions:

Glow Effect

A visual effect applied to text or graphics that creates a halo of light or color around the subject, enhancing its appearance.

Shape Effects

Visual enhancements applied to graphical objects in software applications, such as shadows, glow effects, bevels, and 3D rotations.

Replace

To remove an item and put another item in its place, often used in the context of editing text or data.

Find

A function in many software applications that allows users to search for specific text, files, or information within a document or database.