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Exhibit 10-7 -At the Profit-Maximizing Output Level, the Firm in Exhibit 10-7

Question 4

Multiple Choice

Exhibit 10-7 Exhibit 10-7 -At the profit-maximizing output level, the firm in Exhibit 10-7 is A) earning economic profit of $760 B) earning economic profit of $950 C) earning zero economic profit D) earning economic profit of $990 E) suffering a loss of $1,000
-At the profit-maximizing output level, the firm in Exhibit 10-7 is


A) earning economic profit of $760
B) earning economic profit of $950
C) earning zero economic profit
D) earning economic profit of $990
E) suffering a loss of $1,000

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