-Use the data in the table above.An output level of 25 units results in
A) an economic loss of $8.
B) an accounting loss of $8.
C) normal profit.
D) positive accounting profit.
E) economic profit of zero.

Question

-Use the data in the table above.An output level of 25 units results in
A) an economic loss of $8. 
B) an accounting loss of $8. 
C) normal profit. 
D) positive accounting profit. 
E) economic profit of zero.

Quizplus · Accepted Answer

At an output level of 25 units, the firm incurs an economic loss of $8, as the total cost exceeds the total revenue by this amount.

-Use the Data in the Table Above