Multiple Choice
Use the table below to answer the following questions.
Table 11.2.5
-Refer to Table 11.2.5.Archibald's Tattoos is a perfectly competitive firm.The firm's total costs are shown in the table.If the price of a tattoo is $12.50,Archibald's economic profit is
A) -$10.00 an hour.
B) zero.
C) $12.50 an hour.
D) $10.00 an hour.
E) maximized.
Correct Answer:

Verified
Correct Answer:
Verified
Q33: Use the figure below to answer the
Q34: Use the figure below to answer the
Q35: A firm shuts down if price is<br>A)above
Q36: In a perfectly competitive market,each firm maximizes
Q37: In the short run,a firm in a
Q39: Use the figure below to answer the
Q40: Use the information below to answer the
Q41: A perfectly competitive firm is producing at
Q42: In a competitive market,the market demand curve
Q43: If a firm faces a perfectly elastic