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Use the Table Below to Answer the Following Questions

Question 47

Multiple Choice

Use the table below to answer the following questions.
Table 12.2.1
Use the table below to answer the following questions. Table 12.2.1    -Refer to Table 12.2.1, 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 12.2.1, 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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