Refer to the accompanying cost table. If a competitive firm faced with these costs finds that it can sell its product at $60 per unit, it will
A)produce 5 units and incur a loss of $50.
B)produce 6 units and incur a loss of $30.
C)produce 7 units and realize a profit of $32.
D)close down in the short run.

Question

Refer to the accompanying cost table. If a competitive firm faced with these costs finds that it can sell its product at $60 per unit, it will
A)produce 5 units and incur a loss of $50. 
B)produce 6 units and incur a loss of $30. 
C)produce 7 units and realize a profit of $32. 
D)close down in the short run.

Quizplus · Accepted Answer

The Answer of  Refer to the accompanying cost table. If a competitive firm faced with these costs finds that it can sell its product at $60 per unit, it will
A)produce 5 units and incur a loss of $50. 
B)produce 6 units and incur a loss of $30. 
C)produce 7 units and realize a profit of $32. 
D)close down in the short run.

Refer to the Accompanying Cost Table