Refer to the Accompanying Table A) $6
B) $8

question 128

Multiple Choice

Refer to the accompanying table. A firm participating in a competitive market with these costs would be making a profit if the price is: $\begin{array}{lll}\text { Price }&\text { Average Fixed Cost }&\text { Average Vaxiable Cost }\\\$ 2 & \$ 5 & \$ 6 \\\$ 4 & \$ 3 & \$ 4 \\\$ 6 & \$ 1 & \$ 5 \\\$ 8 & \$0.50 & \$ 7\end{array}$

• A) $6.
• B) $8.
• C) $4.
• D) $2.
• E) either $6 or $8.

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