Answer the question using the following data, which show all available techniques for producing 20 units of a particular commodity. Assuming 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.

Question

Answer the question using the following data, which show all available techniques for producing 20 units of a particular commodity.  Assuming 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.

Quizplus · Accepted Answer

The Answer of Answer the question using the following data, which show all available techniques for producing 20 units of a particular commodity.  Assuming 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.

Answer the Question Using the Following Data, Which Show All