Figure: Elastic Demand If the total cost of producing 11 units of output in this figure is $16, the firm's economic profit at 11 units of output is:
A) $8.
B) -$8.
C) $72.
D) $104.

Question

Figure: Elastic Demand  If the total cost of producing 11 units of output in this figure is $16, the firm's economic profit at 11 units of output is:
A) $8. 
B) -$8. 
C) $72. 
D) $104.

Quizplus · Accepted Answer

The Answer of Figure: Elastic Demand  If the total cost of producing 11 units of output in this figure is $16, the firm's economic profit at 11 units of output is:
A) $8. 
B) -$8. 
C) $72. 
D) $104.

Figure: Elastic Demand If the Total Cost of Producing