The Table Given Below Shows the Price Charged by a Firm

question 96

Multiple Choice

The table given below shows the price charged by a firm and the marginal cost incurred by it for the different levels of the output. Table 24.2
Assume that the firm described in Table 24.2 is incurring a total cost of $25 at the profit-maximizing output level.The firm will:

• A)lose $10 in the short run.
• B)break even.
• C)earn a profit of $50.
• D)earn a profit of $30.
• E)earn a profit of $55.

---

Definitions:

Equipment Vendors

Companies or individuals that supply machinery, tools, and technical gear to consumers or other businesses.

Lowest Bid

The smallest monetary offer made by a contractor to complete a specified project or service.

Specialized Equipment

Tools or machinery designed for a particular purpose or tasks, often requiring specific training or knowledge to use.

Technical Experts

Individuals with specialized knowledge or skills in a particular area or field, especially in technology or engineering.