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Use the Table Below to Answer the Following Questions

Question 49

Multiple Choice

Use the table below to answer the following questions.
Table 11.2.1 Use the table below to answer the following questions. Table 11.2.1   -Refer to Table 11.2.1,which gives the total revenue schedule and total cost schedule of a perfectly competitive firm.If the firm produces 2 units of output,it A) makes an economic profit of $9. B) makes an economic profit of $60. C) incurs an economic loss of $9. D) incurs an economic loss of $60. E) incurs an economic loss of $69.
-Refer to Table 11.2.1,which gives the total revenue schedule and total cost schedule of a perfectly competitive firm.If the firm produces 2 units of output,it


A) makes an economic profit of $9.
B) makes an economic profit of $60.
C) incurs an economic loss of $9.
D) incurs an economic loss of $60.
E) incurs an economic loss of $69.

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